Interim budget: India s budget plays a big role in strengthening the property market and supporting the Bharat Moment. The budget should focus on affordable housing and streamline clearance processes to promote growth in the residential real estate sector. It is crucial to grant industry status to the real estate sector and facilitate easier credit access. Increasing the tax rebate on home loan interest rates from Rs 2 lakh to Rs 5 lakh and providing incentives for developers and homebuyers will stimulate the affordable housing market. These measures will contribute to achieving housing for all and invigorate the housing sector.
Aurum PropTech s net consolidated total income stood at Rs 57.53 crore in Q2 FY24, a growth of 86.54 per cent from Rs 30.84 crore it recorded in the similar quarter last year.
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Shriram Properties net consolidated total income stood at Rs 157.17 crore in Q1 FY24, a growth of 8.31 per cent from Rs 145.11 crore it recorded in the similar quarter last year.