Quote on Real Estate Industry`s Expectation from Upcoming Budget by Shrinivas Rao, FRICS, CEO, Vestian

2024-06-21 01:45:25 pm | Source: PR Agency

Quote on Real Estate Industry`s Expectation from Upcoming Budget by Shrinivas Rao, FRICS, CEO, Vestian

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Below the Quote on Real Estate Industry's Expectation from Upcoming Budget by Shrinivas Rao, FRICS, CEO, Vestian

“We anticipate a budget that tackles pressing issues, boosts demand, and drives sustainable growth. As per the announcements in the interim budget, it is evident that the government will continue to focus on infrastructure development to make India a USD 5 Tn economy in the upcoming years and turn the country into a 'Viksit Bharat' by 2047. To achieve this goal, the real estate sector is likely to play a pivotal role.”

Mr. Rao further added, “After resuming a third term, the government has already announced the construction of 3 crore new units under PMAY. This shows the government’s commitment towards the real estate sector. Demand for residential units is expected to increase further, if the government increases tax exemption limits for home loans in the Union Budget 2024-25. Moreover, granting industry status to the real estate sector would ease availability of funds and increase participation of foreign investors.”

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Quote on Real Estate Industry`s Expectation from Upcoming Budget by Shrinivas Rao, FRICS, CEO, Vestian

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