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.
GIFT City real estate prices surge 10-20% after Gujarat relaxes 60-year liquor ban. Increased demand, tax breaks, and improved infrastructure drive growth in residential and commercial sectors.
The Housing Ministry proposes tax breaks, price caps, and interest rate freezes for first-time homebuyers. It also suggests debt-restructuring for realtors and encourages housing for low and middle income groups.