As per industry estimates, the market size of the real estate sector was touted to be approximately $180 bn as of FY 2020 with current projections to touch USD 650 bn as of FY2025.
The Mumbai Trans Harbour Link (MTHL), or Atal Setu, as it ll be called now, links Sewri in Mumbai to Nhava-Sheva on the mainland in Mumbai Metropolitan Region, establishing faster connectivity between the island city of Mumbai and the Navi Mumbai on the mainland, and decongesting the perennially choked metropolis as well as opening new vistas of development.
The surge in property prices over the past few years has prompted stakeholders to expect measures in the February 1 budget that will benefit homebuyers
During 2023, the Indian real estate sector - both housing and commercial - witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going.
Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth.
The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.