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REAL ESTATE SECTOR SEEKS TAX CUTS, LOWER APPROVAL COSTS
The Business Guardian
|June 10, 2024
Narendra Modi set to take oath as Prime Minister for the third time, the real estate industry has high expectations from Modi 3.0
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India, the real estate sector ranks as the second-largest job creator after agriculture. Over the past decade, the Modi government has built over 40 million houses for the underprivileged through the PM Awaas Yojana (PMAY). With Narendra Modi set to take oath for his third term as Prime Minister, the industry holds diverse expectations from Modi 3.0.
The interim budget by Finance Minister Nirmala Sitharaman announced a boost for India's affordable housing sector by adding 2 crore more houses to the flagship scheme PMAY-U.
Experts estimate the Indian real estate market will be worth Rs 65,000 crore by 2040. Industry leaders say they need continued support from the government for its growth.
Dit verhaal komt uit de June 10, 2024-editie van The Business Guardian.
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