Categories: BudgetLatest

Post-Budget Reaction On The Real Estate Sector

Mr. Aakash Patel, Director, Atul Projects India Private Limited

The Interim Budget for 2024-25, as outlined by Finance Minister Nirmala Sitharaman, offers a mix of continuity and new initiatives, reflecting a blend of optimism and practical considerations in the face of India’s current economic landscape.

The Government’s focus on the youth reflects a strategic move to harness the potential of India’s demographic dividend. The acknowledgment of the country’s young population’s aspirations and optimism is crucial. This focus could lead to policies that not only empower the youth through education and skill development but also fuel innovation and entrepreneurship.

The proposed scheme to assist the middle class in acquiring or building their own homes is a significant step towards addressing the housing crisis. While the lack of direct tax benefits for homebuyers might be a point of contention, the government’s focus on infrastructure and the new housing scheme for the middle class are steps in the right direction.

Extending tax benefits to start-ups for an additional year is a strategic decision that could significantly impact the Indian start-up ecosystem. This extension provides much-needed support to budding entrepreneurs and emerging businesses, encouraging innovation and risk-taking. Furthermore, this move could have a positive ripple effect on the commercial real estate sector, potentially leading to its rejuvenation.

Overall, the Interim Budget 2024-25 seems to be aligned with the broader goals of economic growth addressing immediate needs like housing, while also laying a foundation for long-term growth through support to start-ups and youth empowerment.

The Property Times News Bureau

Recent Posts

Line Investments & Property SP LLC Triumphs with 21Awards at MECS+R MENA 2024

Riyadh, November 07, 2024: Line Investments & Property SP LLC, a prominent subsidiary of LuLu…

18 hours ago

Intellion Offices by Tata Realty & Infrastructure Ltd Posts 60% YoY Growth in GCC Absorption

First half of FY 25 continued with strong GCC demand with 80% contribution in space…

18 hours ago

Champion REIT Recognised as ‘GRESB Global Listed Sector Leader’

- Sustainability Leadership Shines in 'GRESB Real Estate Assessment' and 'GRESB x HERA Standing Investment…

2 days ago

GCCA India joins hands with Xynteo’s Build Ahead coalition to decarbonise India’s construction sector

Mumbai, November 06, 2024: The Global Cement & Concrete Association (GCCA) India and Xynteo announced…

2 days ago

Sohna emerges as new micro-market in Delhi-NCR; set to add 16000+ residential units in 3 years

New Delhi, November 05, 2024: Haryana’s Sohna is emerging as a new micro-market in the…

3 days ago

Neo Developers Pvt Ltd. Appoints Manpreet Kaur as President – Sales

New Delhi, November 04, 2024: Neo Developers, a leading real estate company has announced the…

3 days ago