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Interim budget: India s budget plays a big role in strengthening the property market and supporting the Bharat Moment. The budget should focus on affordable housing and streamline clearance processes to promote growth in the residential real estate sector. It is crucial to grant industry status to the real estate sector and facilitate easier credit access. Increasing the tax rebate on home loan interest rates from Rs 2 lakh to Rs 5 lakh and providing incentives for developers and homebuyers will stimulate the affordable housing market. These measures will contribute to achieving housing for all and invigorate the housing sector.
IndiaChinaHong-kongMumbaiMaharashtraBharatAshish-deoraVikas-wadhawanLok-sabhaUnion-budgetNifty-realty-indexGemdale-corpThe RBI's decision to pause rate hikes played a crucial role in boosting buyer confidence, he said. According to sales data for 2023 compared to the previous year, housing sales in Mumbai rose 29 per cent to 1,41,480 units from 1,09,677 units. New supply grew 8 per cent to 1,78,684 units from 1,65,634 units., Real Estate News, Times Now
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