Post Budget Reaction on Real Estate Sector by Mr Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
Below the Post Budget Reaction on Real Estate Sector by Mr Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
This budget can be termed as prudent and holistic in each aspect
the government's decision to allocate Rs. 10 lakh crore under the PMAY Urban Scheme, targeting 3 crore houses and key focus on rationalising stamp duty for Home byers especially for women, underscores a robust vision for urban development and will help homebuyers would save the significant amounts, making home ownership more accessible.
At macro level sustained infrastructure impetus, reflected in the Rs.11.11 lakh crore Capex allocation, we anticipate all these would create a multiplier impact and significant boost in the overall housing sector.
Additionally, a focus on rental housing in industrial parks via the PPP model, digitizing land records in cities will greatly improve transparency and ease property transactions.
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