The Indian real estate sector seeks relief in the Union Budget 2021-22. Key demands include GST offsets, tax relief for homebuyers, and continued funding for affordable housing projects. These measures aim to boost demand and address the liquidity crunch.
Real estate developers in India reported improved cash flow and reduced debt in Q2 2023, driven by project handovers and fundraising. DLF and Godrej Properties are actively reducing debt, while HDIL saw a surge in collections.
Faridabad is emerging as a top real estate location in the NCR, thanks to infrastructure development and growing transportation. The city is attracting many developers and competing with others like Gurgaon while providing housing solutions for the middle class.
Ghaziabad's real estate is booming, driven by infrastructure improvements and increased connectivity. Experts predict it will become a hot investment destination, rivaling Noida, with a projected demand of 3-4 million housing units in the coming years.