The recent budget proposals are expected to have a positive impact on the residential real estate market, with key measures such as tax benefits and infrastructure development playing a crucial role.
Real EstateBudgetTax BenefitsInfrastructureHousingReal EstateFeb 23, 2025
The key measures include tax benefits for first-time home buyers, infrastructure development, a credit guarantee scheme for low-income home buyers, a rental housing scheme, and measures to simplify the regulatory framework.
The budget introduces tax benefits for first-time home buyers, making homeownership more affordable. Additionally, the focus on infrastructure and rental housing will improve the quality of life and provide more options for urban residents.
Industry experts predict an 8-12% rise in real estate prices over the next year, driven by increased demand and improved infrastructure.
The market faces challenges such as global economic conditions, inflation, and interest rates. However, the overall sentiment remains optimistic.
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