Budget News: Realtors on Thursday hailed the Budget proposal of launching a scheme to help middle-class people buy or build their own homes, saying this will boost demand for residential properties and help in the overall growth of the real estate sector.
The real estate sector s Budget 2024 wish list includes an expansion of the definition of affordable housing, industry status and tax sops for homebuyers
Last year, the National Housing Bank (NHB) launched the Rs 10,000-crore Urban Infrastructure Development Fund (UIDF), which was announced in Union Budget 2023.
Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts-backed Spyre Proptech Fund has onboarded a former Kolte-Patil Group family office executive, VCCircle ..
Tamil Nadu s GSDP is projected to reach USD 2.6 trillion by 2047-48, requiring a capital expenditure of USD 111 billion. The state is the second-largest economy in India, contributing 8.8% to the nation s GDP. To achieve the projected growth, the state needs to increase its allocation for capital expenditure to 5.7% of GSDP.