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
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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