India’s real estate sector stands at a critical crossroads, poised for transformative growth, particularly in rapidly expanding cities like Mumbai and Pune, as well as emerging regions such as NAINA (Navi Mumbai Airport Influence Notified Area). These areas hold immense potential for sustainable urban development and offer exciting growth opportunities.
With the real estate market projected to reach $1 trillion by 2030, the expectations are high for reforms and incentives that will catalyze this growth. We hope for the rationalization of GST on under-construction properties and enhanced tax benefits for homebuyers, which can significantly boost demand.
Additionally, prioritizing urban infrastructure and affordable housing projects could unlock easier access to financing and attract both domestic and international investments. By focusing on such transformative areas, this budget can address the aspirations of millions of Indians while solidifying the country’s position as a global investment destination.
