Budget Offers More Opportunities for Private Investment

The Union Budget 2023 has given impetus to the real estate sector by announcing many important initiatives and programmes that are anticipated to help the sector. The Union Budget 2023 contains a number of significant announcements that are either directly or indirectly relevant to the real estate and infrastructure industries.

States and cities will also be urged to implement urban planning changes and initiatives to make their cities "sustainable cities of tomorrow." This entails the effective use of land resources, sufficient funding for urban infrastructure, transit-oriented development, improved access to and affordability of urban land, and equal opportunity.

Furthermore, more opportunities will be generated for private investment in infrastructure as the recently formed Infrastructure Finance Secretariat will work with all stakeholders to encourage more private investment in infrastructure, particularly in sectors like power, roads, and trains that rely heavily on public funds.