GURUGRAM: The new measures announced in the Union Budget 2023-24 can certainly help in unleashing the potential of the Indian economy.
increased allocation for PM Awas Yojana 66% rise to INR 79,000 crore is definitely a boost for affordable housingWhich was coming down due to increase in input costs and also because buyers in this segment, mostly from the unorganized sector, were still reeling from the impact of the pandemic.
Anuj Puripresident of Anarock Groupsaid, “The budget places more emphasis on building the country’s infrastructure, with emphasis on last mile connectivity. Better urban infrastructure will provide further impetus to Tier 2 and 3 cities. Unbreakable focus on infrastructure Indirectly will boost real estate growth in the next one year.”
According to ANAROCK Research, the trend reverses with the share of new supply in the affordable housing category increasing in 2022 (
Realtors are also upbeat about the budget announcement on several factors for the overall development of the real estate sector.
Manoj Gaur, President CREDAI NCR and cmd Gaur Groupsaid, “Capital outlay increased for the third year in a row to Rs 10 lakh crore, which is 3.3% of GDP, with a 66% increase for PM Awas Yojana to over 79,000 crore and credit guarantee scheme for MSMEs to 9,000 crore Economic Will have a positive multiplier effect on growth and help in realizing PM’s vision for ‘Housing for All’.
Pradeep Agarwal, founder and chairman of Signature Global (India) Ltd., said the increased allocation would enable more housing projects to be launched in both rural and urban areas.
The scheme will give a much needed boost to the housing sector and will continue to help people from the EWS and LIG sections of the society to buy homes.
In addition, the Finance Minister announced that infrastructure and investment would be the third priority of the government and capital expenditure would be increased by 33% to accelerate the country’s development.
Naveen M Raheja, chairman and managing director of Raheja Developers, said, “With the 66% hike in PM Awas Yojana funds and increased infrastructure spending, this will boost the growth of the housing and commercial realty segments. And also motivates cities to do urban planning, and we expect this to lead to planned real estate development in the country. It will also improve the quality of life in cities and provide developers an opportunity to provide better homes.”
Surinder Singh, Director, GLS Group, said, “The Union Budget unveiled several factors for the overall growth of the real estate sector, including a 33% increase in capital investment outlay to Rs 10 lakh crore, as that the Finance Minister has announced in his statement. Address, and the government’s ambition to provide Rs 10,000 crore per annum for the Urban Infrastructure Development Fund. The country’s per capita income has steadily improved over the years, leading to real estate The sector has benefited big.The announcement of income tax exemption for income up to 7 lakhs will also be a boon for real estate as it provides relief to middle class buyers.
Silverglades Group CEO Anubhav Jain said the expected 7% growth rate, as mentioned by the finance minister in the new budget, would boost realty growth.
“Increased spending on infrastructure, 66% increase in PM Awas Yojana fund and development of urban infrastructure will further aid the growth of the real estate sector. By reducing the income tax rate, taxpayers will have more disposable income, which can be invested in the realty sector,” he said.
Anand Shukla, MD, Ocean Infraheights (Golden I), said, “The announcement of Rs 10,000 crore per annum for Urban Infrastructure Development Fund will give a big boost to the real estate sector. This will be beneficial for the utilization of priority sector lending shortfall and provide a strong impetus to the real estate sector. With a 66% increase in the outlay of PM Awas Yojana, protection of housing rights at the grassroots level will be ensured. Our initiatives in the areas of retail, IT/ITeS offices and residential construction are in line with our goal of promoting sustainable economic growth while preserving the environment.”
Mohit Mittal, Director, ROF Group, said, “The new tax regime introduced in 2020 to boost disposable income and boost first-time buyers in the salaried class, tax exemption of up to Rs 7 lakh is a welcome move. Another popular step to fulfill their dream of buying their first home and making it a reality.”
Dhruv Agarwal, Group CEO, Housing.com, PropTiger.com and Makaan.com said, “Overall, the Finance Minister presented an inclusive, growth-oriented and economically prudent budget. Rationalization of income tax, especially across the income spectrum At the bottom end, will provide additional money in the hands of middle-class households and reduce the burden of rising interest rates. It may even encourage those who are on the fence to buy homes, the most dependable asset for Indians The demand for housing is already very strong, and Budget 2023-24 will further boost the growth of India’s real estate sector.”
Ansh Batra, Director, Buniyaad Realty Ltd. said, “The Union Budget 2023-24 is growth centric and is apt to focus on all round development in various aspects of the economy. Among all aspects, the Centre’s focus on increasing capital inflows to revive demand for affordable housing is commendable. PMAY funds have been increased by 66 percent to 79,000 crores to achieve the Housing for All Mission. Focus on infrastructure development by allocating Rs 10,000 crore in capital expenditure will give a big boost to the realty sector.
increased allocation for PM Awas Yojana 66% rise to INR 79,000 crore is definitely a boost for affordable housingWhich was coming down due to increase in input costs and also because buyers in this segment, mostly from the unorganized sector, were still reeling from the impact of the pandemic.
Anuj Puripresident of Anarock Groupsaid, “The budget places more emphasis on building the country’s infrastructure, with emphasis on last mile connectivity. Better urban infrastructure will provide further impetus to Tier 2 and 3 cities. Unbreakable focus on infrastructure Indirectly will boost real estate growth in the next one year.”
According to ANAROCK Research, the trend reverses with the share of new supply in the affordable housing category increasing in 2022 (
Realtors are also upbeat about the budget announcement on several factors for the overall development of the real estate sector.
Manoj Gaur, President CREDAI NCR and cmd Gaur Groupsaid, “Capital outlay increased for the third year in a row to Rs 10 lakh crore, which is 3.3% of GDP, with a 66% increase for PM Awas Yojana to over 79,000 crore and credit guarantee scheme for MSMEs to 9,000 crore Economic Will have a positive multiplier effect on growth and help in realizing PM’s vision for ‘Housing for All’.
Pradeep Agarwal, founder and chairman of Signature Global (India) Ltd., said the increased allocation would enable more housing projects to be launched in both rural and urban areas.
The scheme will give a much needed boost to the housing sector and will continue to help people from the EWS and LIG sections of the society to buy homes.
In addition, the Finance Minister announced that infrastructure and investment would be the third priority of the government and capital expenditure would be increased by 33% to accelerate the country’s development.
Naveen M Raheja, chairman and managing director of Raheja Developers, said, “With the 66% hike in PM Awas Yojana funds and increased infrastructure spending, this will boost the growth of the housing and commercial realty segments. And also motivates cities to do urban planning, and we expect this to lead to planned real estate development in the country. It will also improve the quality of life in cities and provide developers an opportunity to provide better homes.”
Surinder Singh, Director, GLS Group, said, “The Union Budget unveiled several factors for the overall growth of the real estate sector, including a 33% increase in capital investment outlay to Rs 10 lakh crore, as that the Finance Minister has announced in his statement. Address, and the government’s ambition to provide Rs 10,000 crore per annum for the Urban Infrastructure Development Fund. The country’s per capita income has steadily improved over the years, leading to real estate The sector has benefited big.The announcement of income tax exemption for income up to 7 lakhs will also be a boon for real estate as it provides relief to middle class buyers.
Silverglades Group CEO Anubhav Jain said the expected 7% growth rate, as mentioned by the finance minister in the new budget, would boost realty growth.
“Increased spending on infrastructure, 66% increase in PM Awas Yojana fund and development of urban infrastructure will further aid the growth of the real estate sector. By reducing the income tax rate, taxpayers will have more disposable income, which can be invested in the realty sector,” he said.
Anand Shukla, MD, Ocean Infraheights (Golden I), said, “The announcement of Rs 10,000 crore per annum for Urban Infrastructure Development Fund will give a big boost to the real estate sector. This will be beneficial for the utilization of priority sector lending shortfall and provide a strong impetus to the real estate sector. With a 66% increase in the outlay of PM Awas Yojana, protection of housing rights at the grassroots level will be ensured. Our initiatives in the areas of retail, IT/ITeS offices and residential construction are in line with our goal of promoting sustainable economic growth while preserving the environment.”
Mohit Mittal, Director, ROF Group, said, “The new tax regime introduced in 2020 to boost disposable income and boost first-time buyers in the salaried class, tax exemption of up to Rs 7 lakh is a welcome move. Another popular step to fulfill their dream of buying their first home and making it a reality.”
Dhruv Agarwal, Group CEO, Housing.com, PropTiger.com and Makaan.com said, “Overall, the Finance Minister presented an inclusive, growth-oriented and economically prudent budget. Rationalization of income tax, especially across the income spectrum At the bottom end, will provide additional money in the hands of middle-class households and reduce the burden of rising interest rates. It may even encourage those who are on the fence to buy homes, the most dependable asset for Indians The demand for housing is already very strong, and Budget 2023-24 will further boost the growth of India’s real estate sector.”
Ansh Batra, Director, Buniyaad Realty Ltd. said, “The Union Budget 2023-24 is growth centric and is apt to focus on all round development in various aspects of the economy. Among all aspects, the Centre’s focus on increasing capital inflows to revive demand for affordable housing is commendable. PMAY funds have been increased by 66 percent to 79,000 crores to achieve the Housing for All Mission. Focus on infrastructure development by allocating Rs 10,000 crore in capital expenditure will give a big boost to the realty sector.