Noida-based Trident Realty has raised ₹1,200 crore through sale of assets, including Shipra Mall in Ghaziabad and a land parcel in Gurugram, as part of plans to focus on its residential business and exit non-core assets, said people close to the development.
Budget 2024 Expectations: In February 2018, the central government granted infrastructure status to affordable housing, allowing the segment to avail the associated benefits such as lower borrowing rates, tax concessions and increased flow of foreign and private capital.
As one of the key Budget 2024 expectation, developers also want some provisions made to reduce the interest rates on project finance and that construction materials be clubbed in a lower bracket of the goods and services tax (GST).