Industry Status, Push To Affordable Housing, Tax Rebates: Real Estate Expectations From Interim Budget 2024
Aditya Kushwaha, CEO and director Axis Ecorp, said, “India’s housing market showed impressive growth in 2023, overcoming challenges like rising property prices and the highest interest rates in six years. Despite these obstacles, the demand for real estate, particularly in the luxury and second home categories, remained robust. We anticipate that the 2024 Budget will favour homebuyers, supporting the sector’s ongoing growth. The recent focus on affordable housing is expected to continue even in the coming fiscal year.”