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Budget 2023 is Quite Progressive

NAREDCO Chairman Mr Parveen Jain

BY Realty Plus
Published - Thursday, 02 Feb, 2023
Budget 2023 is Quite Progressive

The Budget 2023 in Amrit-Kal is quite progressive and comprehensive which has taken into consideration all aspects for an overall development and economic growth of the Nation.

For the progression of the Real estate sector, emphasis has been laid on Sustainable cities, Urban planning Reforms, TOD ( Transit Oriented development), Affordability, Urban infrastructure, Incentivised schemes, Urban infra fund for cities, special emphasis on more development of Tier-II & Tier-III cities, dry & wet waste management, transformation of Manholes to machine mode holes & Green Growth.

Green Growth in the Budget 2023 is the mission with the target of Net Zero carbon emission, production of more Green Hydrogen & Green Energy, Low carbon emission, Less dependence on fossil fuels, Energy transition for renewable Energy, Grid integration, Green Credit programmes, Go Green schemes like PM-Pranam scheme, Go -Vardhan scheme, Green Agri-drive, Amrit-Dharohar, emphasis on Bio-Plants for Biomass, Bio Diversity.

Reduction in Income Taxes will indirectly lead to more savings and more investments and buying in the Housing and Real estate sector. All the above factors shall lead to more job creation, more investment & buying, progression for the Real estate sector.

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