Union Budget 2024-25: Real Estate Sector Expectations
The real estate sector is brimming with expectations for policies that will propel growth and stability in the upcoming Union Budget 2024-25.
Real EstateUnion BudgetAffordable HousingGst RatesTax BenefitsReal Estate NewsJul 02, 2024
Enhancing tax benefits for homebuyers, simplifying GST rates, and providing incentives for affordable housing projects are some of the expectations from the sector. The government's commitment to 'Housing for All' is commendable, and further emphasis on affordable housing initiatives is anticipated. Strengthening policies and providing additional incentives to developers engaged in affordable housing projects will ensure that more citizens can achieve their dream of homeownership.
Metro cities, particularly Mumbai, face unique challenges due to high land and construction costs. Special schemes and subsidies tailored for affordable housing in metropolitan regions can significantly bridge the gap between demand and supply. Enabling a higher flow of funds through banking and non-banking financial institutions, along with targeted measures to support the liquidity of developers, will sustain project momentum.
Frequently Asked Questions
What are the key expectations from the real estate sector in the Union Budget 2024-25?
Enhancing tax benefits for homebuyers, simplifying GST rates, and providing incentives for affordable housing projects are some of the expectations from the sector.
What is the government's commitment to affordable housing?
The government's commitment to 'Housing for All' is commendable, and further emphasis on affordable housing initiatives is anticipated.
What are the challenges faced by metro cities like Mumbai in affordable housing?
Metro cities, particularly Mumbai, face unique challenges due to high land and construction costs.
How can the government support developers engaged in affordable housing projects?
Strengthening policies and providing additional incentives to developers engaged in affordable housing projects will ensure that more citizens can achieve their dream of homeownership.
What is the importance of liquidity in the real estate sector?
Enabling a higher flow of funds through banking and non-banking financial institutions, along with targeted measures to support the liquidity of developers, will sustain project momentum.
Related News Articles
India's Green Revolution: Mumbai Leads the Way in LEED-Certified Buildings
Mumbai is at the forefront of India's green building movement, with 12% of the country's LEED-certified buildings calling the city home.
Prime College Campus for Sale in Polur, Tamil Nadu - Unlock the Potential of Real Estate
Discover a rare real estate opportunity in Tamil Nadu's growing market. Contact JB Real Estate for inquiries and further details.
Chandak Highscape City Wins Prestigious Award for Innovative Real Estate Marketing
Mumbai-based real estate developer Chandak Group wins award for 'Innovative Real Estate Marketing Campaign of the Year' for Chandak Highscape City
Brookfield Expands Indian Real Estate Portfolio with Minority Stake in Local Developer
Brookfield Asset Management acquires minority stake in Indian developer, strengthening its presence in the country's real estate market.
Shriram Properties Expands to Pune: A Boost to the Local Real Estate Market
Shriram Properties, a leading real estate developer, is set to make significant inroads into the Pune property market, bringing new projects and opportunities to the region. This move is expected to further stimulate the growth and investment in Pune's re
NFTs Explained: The Buzz, Reality, and Potential
Explore the world of NFTs (Non-Fungible Tokens), from their unique characteristics to real-world applications in virtual real estate, gaming, and more.