Interim Budget for 2024-25 is set against the backdrop of general elections, traditionally avoiding major policy announcements.
Affordable Housing Revival:
Interim Budget targets affordable housing, aiming to revive its share from 20% to pre-pandemic levels of 40% in total housing sales.
Real estate stakeholders anticipate simple yet impactful policy changes for sectoral growth.
Emphasis on affordability and long-term sustainability with proposals for lower lending rates, revised affordability definitions, and incentives for developers.
Call for government investment in green building practices to achieve carbon neutrality in the real estate sector.