#ndanomics #easynomics #Budget2024 #RealEstateIndia #AffordableHousing #TaxReforms #InfrastructureDevelopment #EconomicPolicy #Urbanization #HousingSector
Finance Minister Nirmala Sitharaman is set to unveil the full budget for 2024 on July 23rd. The real estate sector eagerly anticipates reforms aimed at benefiting not only the sector but to taxpayers and people who seeks affordable house. This sector holds significant economic importance, generating numerous jobs and making substantial contributions to the GDP. In 2024, the Indian real estate market continues to expand, buoyed by positive market sentiments, economic growth, urbanization, evolving lifestyles, increasing disposable incomes, enhanced job prospects, heightened business activities, and supportive government policies. Consequently, the upcoming budget is poised to introduce initiatives aimed at fortifying this pivotal economic sector. Anticipations include potential increases in rebates on home loan interest rates, reductions in GST rates, establishment of single-window clearance systems, lowering of property prices, and promotion of development in peripheral areas. The real estate sector is advocating for impactful measures such as special schemes and tax incentives for developers to revitalize the affordable housing segment, which has faced challenges since the onset of the Covid-19 pandemic. This is in contrast to the robust demand witnessed for larger and more expensive homes. This call for action coincides with the government's consultation with industry stakeholders ahead of presenting the General Budget in Parliament next month. Explore how Budget 2024-25 could shape the landscape for real estate, discussing potential allocations, tax reforms, and policy implications that could impact developers, investors, and homebuyers alike. Gain insights into key trends, challenges, and opportunities in the sector as these experts share their forecasts and strategic perspectives. Also Goldman Sachs, the investment bank has said India’s infrastructure upgrades have created long-term positive growth spillovers, which policymakers may not be willing to give up. Goldman Sachs believes the Budget will go beyond just fiscal numbers, and likely make an overarching statement about long-term economic policy of the government towards 2047. In the housing sector, it noted that 26 million houses have been built under the rural housing scheme since 2016. It sees Budget's focus on slum redevelopment in major cities, reduce regulatory costs (registration), regulatory reforms enabling automatic approvals and clean drinking water for households in rural and urban areas. Join BTTV Managing Editor Siddharth Zarabi in a compelling discussion on the future of the realty sector amidst Budget 2024-25. In this exclusive panel, Siddharth Zarabi engages with industry stalwarts including Dr. Niranjan Hiranandani, Founder & Chairman, Hiranandani Group; Gulam Zia, Senior ED, Knight Frank India; and Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com. Don't miss this deep dive into the intersection of policy and real estate with insights from industry leaders who are shaping the future of housing and infrastructure development in India.
#HomeLoanInterest #GSTReduction #SingleWindowClearance #PropertyPrices #AffordableHousingScheme #DeveloperIncentives #InvestmentOpportunities #PolicyReforms #EconomicGrowth #UrbanDevelopment #InfrastructureUpgrades #LongTermEconomicPolicy
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2 авг 2024
