The upcoming Budget 2024 is anticipated to prioritize Housing for All , tax relief measures, and sustainability initiatives to support the growth of the real estate sector in India.
The real estate sector is on the brink of anticipation as Union Budget 2024 approaches, with high expectations for comprehensive measures shaping the industry's future. Stakeholders eagerly anticipate transformative changes across various facets.
Budget 2021: What real estate sector expects from government
Budget 2021: What real estate sector expects from government
One of the long-standing demands of the real estate sector is to be provided with the industry status. It will help in fundraising for projects from various schemes. The sector also hopes that the budget will introduce GST reforms by bringing back the Input Tax Credit.
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UPDATED: January 28, 2021 19:12 IST
One of the most critical issues currently faced by the real estate is the liquidity crunch. (Photo: AFP/Representational image)
Real Estate is one of the most important sectors of the Indian economy. Besides contributing majorly to the GDP, it is also one of the biggest employers in the country. The sector has been instrumental in the economic growth and stability of the nation. It has also been critical in rejuvenating the economy after the Covid-19 shock. Being heavily dependent on the government policies and regular cash flows, the sector co