Stay updated with breaking news from Splendor Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Dushyant Singh, Director, Orion One 32, said “By refraining from rate adjustments, the central bank aims to provide stability while incentivizing banks to offer attractive home loan packages, thereby revitalizing the housing market.”
The Interim Budget's housing scheme for the middle class is expected to invigorate the real estate sector, providing opportunities for home ownership among those in rented houses, slums, and unauthorized colonies. Finance Minister Nirmala Sitharaman's announcement includes plans to construct 2 crore homes for rural poor under PM Awas Yojana (Grameen).
As per a report by property consultancy ANAROCK, the affordable housing sector of India saw a decline of 20% percent in sales in 2023 as compared to a decline of 30% in 2022. - Budget 2024: Housing Sector, Real Estate Experts And Players Share Their Views Post-budget