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Below the Budget Expectation Quote on Real Estate Sector by Shashank Paranjape - MD, Paranjape Schemes Construction Ltd

With the government's ongoing focus on urbanization, housing, and sustainability, we remain optimistic about initiatives that could further boost the Real Estate sector. Key areas of interest for us include tax benefits for homebuyers, increased incentives for affordable housing and green building initiatives, and enhanced ease of doing business for developers. From our perspective, as we plan to launch several new projects in 2025, it is critical to assess how government policies might influence market sentiment, pricing structures, and customer buying potential. Reforms in stamp duty, and simplified GST regulations for under-construction properties would be welcome changes, enabling us to deliver even greater value to our customers. Furthermore, we are also looking for targeted incentives for special projects like Athashri (senior living) and Swaniketan (homes for differently abled). A forward-thinking and inclusive budget will surely catalyze long-term growth in the sector and contribute to broader economic progress

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