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Below the Quote on Budget Expectation by Ms. Srishti Dhir, Founder at Hub and Oak

"The Indian economy is growing at a rapid pace, with GDP growth increasing to 7.2% and the real estate industry has contributed significantly in this growth trajectory. As the Union Budget 2024-25 is set to be presented in the upcoming week, the realty sector is looking forward to reforms that will not only benefit developers but also facilitate wider access to homeownership for everyone.

 Also, there is an obvious need for taxation relief for both homeowners and investors. The government should raise the annual deduction limit on home loan interest payments from Rs 2 lakh (currently) to Rs 5 lakh. This will boost the housing demand in major cities while reducing the GST on under-construction  properties.

 We hope that this year’s Union Budget brings something beneficial and positive to the table for all the real estate firms across the country. Further, we also believe the government will take appropriate steps to spur consumer demand and give the realty sector a big shot in the arm to ensure robust growth."

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