New Delhi, Feb. 1 -- The 2024 Interim Budget represents a significant milestone in advancing India's real estate sector. It focuses on infrastructure and connectivity improvements, which are crucial for expanding real estate development, especially in tier 2 and 3 cities. This budget notably supports the middle class's transition from renting to homeownership, revitalizing many urban areas.
The 11.1% increase in Capex outlay indicates a strong future for diverse real estate projects, bolstered by infrastructural enhancements. However, if following would have been addressed, it would have been a significant booster to real estate like the long-standing request for industry status, essential for various benefits, remains unaddressed. Additio...