Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
ANAROCK SUGGESTS CENTRE TO FOCUS ON AFFORDABLE HOUSING SEGMENT THIS BUDGET
The Business Guardian
|July 15, 2024
With the Union Budget for 202425 set to be tabled on July 23, the real estate sector is pinning renewed hope on the Modi 3.0 regime.
-
Expectations are high for tax reliefs and other sentiment boosters.
The future of the overall real estate industry, a key employment provider, also depends on infrastructure improvements to support and enhance urban living standards.
“Will the government finally decide to give in to the long-standing demand for industry status for the entire housing sector? Will it take ‘real’ measures to revive the affordable housing segment, which has been on a steady decline since the pandemic?” questioned real estate consultancy firm Anarock as part of its wish-list ahead of the much-awaited Budget presentation.
According to Anarock, the Indian housing sector has remained upbeat in 2024 so far, with housing sales and new launches reaching new peaks in the top seven cities. Sales hit an all-time high of about 4.93 lakh units in 2023-24, while 4.47 lakh units were launched.
Anuj Puri, Chairman of ANAROCK Group, said, “However, this momentum must continue in the future too - and the current growth trajectory is skewed towards mid-range and premium housing.”
“Considering the specific housing needs of India’s lower-income groups, this momentum cannot ride solely on higher-priced homes while affordable housing continues to languish,” Puri noted.
This story is from the July 15, 2024 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
Government to get record Rs 2.87 lakh cr dividend from RBI
The Reserve Bank on Friday announced a record dividend of Rs 2.87 lakh crore to the government for the year ended March 2026, providing a financial boost for the exchequer amid rising import bills and supply chain disruptions due to the West Asia conflict.
2 mins
May 24, 2026
The Business Guardian
JUBILANT PHARMOVA FY26 REVENUE RISES 14%
NEW DELHI: Jubilant Pharmova on Friday reported a 14 per cent rise YoY in revenue to Rs 8,280 crore for the financial year 2025-26, driven by strong growth across its key business segments including CDMO Sterile Injectables, Allergy Immunotherapy, Radiopharma and Generics.
1 min
May 24, 2026
The Business Guardian
ASIAN FOOTWEARS UNVEILS 'MOJO CLAY'
NEW DELHI: Asian Footwears is transforming its first limited-edition sneaker launch into a full-fledged social media-driven engagement play, with the rollout of a two-part campaign around its 'Mojo Clay' drop, restricted to just 1,500 pairs.
1 min
May 24, 2026
The Business Guardian
Indonesia tightens control over key commodities in major trade takeover
Indonesia is overhauling its trade policies for key commodities in a sudden move that some experts liken to a hostile takeover of major industries in the resource-rich nation, with global implications.
2 mins
May 24, 2026
The Business Guardian
WARSH IS SWORN IN AS FEDERAL CHAIR
President Donald Trump on Friday oversaw the White House swearing-in of the new Federal Reserve chair and said he would like Kevin Warsh’s help in stimulating the economy even as he tried to emphasize that the nation’s central bank would remain independent.
1 min
May 24, 2026
The Business Guardian
27 COUNTRIES ACTIVATE WORLD BANK CRISIS TOOLS
Twenty-seven countries have moved since the Iran war started to put in place crisis instruments that could quickly access funding from existing World Bank programs, according to an internal document viewed by Reuters.
1 mins
May 24, 2026
The Business Guardian
CENTRE TO INVITE BIDS FOR 50 INDUSTRIAL PARKS
The Union government will invite applications from states for 50 industrial parks in the next four months under the newly launched Bhavya scheme, with the first 50 parks targeted to become operational within three years, Commerce and Industry Minister Piyush Goyal said on Saturday.
3 mins
May 24, 2026
The Business Guardian
RBI's record dividend may help govt manage rising subsidy burden
Economists and market experts believe the Reserve Bank of India’s record surplus transfer of Rs 2.87 lakh crore to the central government will provide some relief to the government's finances at a time when subsidy pressures are expected to rise due to the ongoing West Asia crisis, while also boosting liquidity in the banking system.
2 mins
May 24, 2026
The Business Guardian
Law firm Fenwick ready to pay $54 million to FTX
Prominent U.S. law firm Fenwick & West, which advised FTX before its 2022 blockbuster collapse and bankruptcy, on Friday said it will pay $54 million to resolve claims from FTX customers who alleged the firm helped enable one of the largest financial frauds in US. history.
1 min
May 24, 2026
The Business Guardian
Global food inflation surge risk rises
Global food inflation risks are rising due to possible disruption in the Strait of Hormuz and worsening El Nino conditions, according to a Citi Research report, which warned that agricultural commodity prices could face strong upward pressure over the next 6-12 months.
1 min
May 24, 2026
Listen
Translate
Change font size