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India Budget 2024-25: What is real estate sector's wishlist?
India's new budget is poised to significantly impact the country’s real estate industry, particularly in the realm of affordable housing. Over recent years, affordable housing initiatives have catalysed progress by offering tax incentives to developers and homebuyers alike. But the general consensus is that more needs to be done. Indeed, despite these strides, challenges persist. These range from high land costs for acquisition to rising construction costs, as well as the need for sustainable development practices.
India's new budget is poised to significantly impact the country’s real estate industry, particularly in the realm of affordable housing.
Over recent years, affordable housing initiatives have catalysed progress by offering tax incentives to developers and homebuyers alike.
But the general consensus is that more needs to be done.
Indeed, despite these strides, challenges persist.
These range from high land costs for acquisition to rising construction costs, as well as the need for sustainable development practices.
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