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Below the Quote on Mr. Subodh Runwal Managing Director at Runwal Group on the Interim Budget

“The Union Budget for the fiscal year holds significant implications for both the real estate and infrastructure sectors, signaling a pivotal shift in development initiatives nationwide. With substantial allocations towards infrastructure and railway projects, the government has catalyzed the emergence of new realty hotspots across the country. By incentivizing urban centers to prioritize sustainable planning, the administration paves the way for comprehensive urban development strategies. Moreover, the revision of direct tax slabs promises to inject greater purchasing power into consumers' hands, thereby augmenting discretionary income levels. The government's bullish stance on infrastructure is evident in its 11.1% increase in capital expenditure for the fourth consecutive year. This translates to better roads, smoother logistics, and ultimately, happier homebuyers experiencing appreciating property values. Such measures are poised to stimulate economic activity and consumer spending, underpinning broader growth trajectories across sectors. Initiatives like the Pradhan Mantri Awas Yojna - Gramin underscore the administration's commitment to addressing housing needs, extending support to the middle class, slum dwellers, and renters alike. In conclusion, the Union Budget paints a promising picture for the real estate sector. As developers, we are committed to playing our part in building a strong, vibrant India, brick by brick.”

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