CREDAI Western Uttar Pradesh Secretary Dinesh Gupta said the revision of the fiscal deficit, increased tax receipts, doubling of the GST tax base, and other indicators of robust economic growth were all highlighted in the union budget and real estate will benefit from a strong economy. Plans to construct additional airports, train lines, metro routes, EV facilities, etc have been announced. Naturally, this will result in increased demand for real estate in western UP, including Noida," Gupta said.
NBCC, HUDCO shares their sharp upward on February 2 after FM Nirmala Sitharaman in her Budget speech announced that 2 crore more houses will be taken up in the next five years under PM Awas Yojana (Grameen).
The district administration has formed five teams to conduct a survey in Akbarnagar, Lucknow, to find eligible beneficiaries for the Pradhan Mantri Awas Yojana (PMAY). The teams will identify residents who can avail of alternative housing under the PMAY scheme.
On the occasion, Prime Minister Narendra Modi will virtually interact with the beneficiaries of Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN), the flagship central scheme launched in November 2023 for socio-economic welfare of PVTGs, spread across 18 states and Union Territories.