Finance Minister Nirmala Sitharaman presents Budget 2024, anticipating focus on affordable and middle-class housing. Industry seeks tax breaks, GST concessions, and incentives for developers and buyers.
The ongoing recession is prompting changes in real estate, with consumers becoming cautious and developers focusing on affordable housing for middle-class buyers.
Soaring home prices and a focus on exclusive developments have sidelined middle-class buyers, but recent price cuts and cheaper loans may change the landscape in 2009.
Discusses India's affordable housing sector, distinguishing it from the US sub-prime crisis, highlighting the potential market size and benefits.