As India eagerly awaits Finance Minister Nirmala Sitharaman’s sixth Union Budget, to be presented in Parliament on February 1, 2024, the nation’s real estate sector, particularly the affordable housing segment, is poised in anticipation. To realise the government’s vision of ‘Housing for All,’ experts and industry leaders have shared their insights, proposing vital measures to boost the affordable housing landscape. The upcoming budget is seen as an opportunity to fortify the real estate industry’s pivotal role in India’s economic development. “The government should raise the cap on the affordable housing segment. This move would address the land shortage in this crucial housing segment and potentially lower real estate prices overall, he opined.

Source: Mint January 04, 2024 14:06 UTC