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Below the Reaction quote on Union Budget 2024 by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance

“The Union Budget has put comprehensive focus on housing and rural development alongside the economic growth narrative. The allocation of ?2.66 lakh crore for rural infrastructure and the construction of 3 crore additional houses under the PM Awas Yojana in both rural and urban areas are complementary and would significantly boost housing demand. Rental housing has received the attention and will improve the housing stock. Other positives are digitization of land records, PM Surya Ghar Muft Bijli Yojana, encouraging states on moderation of high stamp duty rates and considering lower stamp duty on properties purchased by women. These measures will stimulate the housing market, driving demand and fostering socio-economic growth."

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