“We welcome the government’s first full budget in its third consecutive term focused on its pursuit of Viksit Bharat. The budget has been sharply concentrated on infrastructure development, employment generation, housing, skill development, MSMEs, and increasing the participation of women in the workforce. The enhanced focus on MSMEs through credit guarantee facilities and Mudra loans will significantly boost investment and lead to the creation of numerous small and medium enterprises. Additionally, the introduction of internship opportunities in 500 top companies is an excellent initiative to integrate young talent into mainstream businesses.
Specifically for the real estate and infrastructure sector, the focus continues notably on Industrial parks, industrial corridors being set up, Purvodaya, PM Awas Yojana, urban housing, transit-oriented development of cities and creative redevelopment of cities across the country. Needs of 1 crore urban poor and middle-class families will be addressed with the announcement of PM Awas Yojana 2.0. Also, the expected revision of stamp duties across states will make property registration more affordable, especially for women. Furthermore, we anticipate that the rental housing market will become more organized, with new policies and regulations enhancing safety, transparency, and availability. Many cities are poised to benefit from these changes. Lastly, transit-oriented development will not just facilitate the development of cities but also generate employment across ancillary industries.”
– Mr. Anshuman Magazine
Chairman & CEO – India,
South-East Asia, CBRE
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