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Below the Quote on Budget 2024 by Mr. Ashish Khandelia, Founder of Certus Capital & Earnnest.me (Real Estate, Bonds & Housing)

"The first full budget of the Narendra Modi 3.0 government has reiterated its intent to spur momentum, retain continuity, and stick to fiscal discipline while focusing on critical areas like job creation, skilling, agriculture, innovation, and infrastructure. Without big bang announcements, Finance Minister Nirmala Sitharaman has done a good balancing act which carries few joys for individual taxpayers, angel investors, foreign investors, and corporates, along with some pains for equity markets. Though, there is a need to reduce tax arbitrage between equities and other investment options, such as bonds, which channelize money towards the real economy. Physical real estate investing will also feel the heat with removal of indexation benefits. But it's positive towards investing in bonds, other managed investment options such as credit AIFs, as the tax arbitrage is reduced.

Further, increased allocation for PM Awas Yojana and urban housing outlay, call for a cut in stamp duty especially for women should enthuse the real estate industry a bit, though several other things such as input credit on GST, remain unaddressed. Overall, the budget is practical and consistent."

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