Ahead of the declaration of general elections 2024 results today, real estate sector leaders put forward their expectations. The real estate sector in India is poised to be significantly impacted by the results of the 2024 general elections. The leaders from the sector expect a stable government with a business-friendly attitude, one that emphasise on tax reforms, infrastructure development and initiatives to simplify business operations.
Suraj Morajkar, the MD of Sun Estates Developers said, “We emphasize the importance of policies that foster economic growth, innovation, and a business-friendly environment. Key measures include tax reforms, infrastructure development, and initiatives to simplify business operations. Additionally, promoting entrepreneurship and investing in crucial sectors are essential for sustained progress. Stability in governance and a reliable regulatory framework are fundamental to creating a conducive environment for business expansion and investment. By prioritizing the needs of the corporate sector, the government can drive economic development and generate growth opportunities. We are committed to collaborating with policymakers to ensure a prosperous and dynamic business landscape”.
Vishal Raheja, Founder & MD of InvestoXpert said, “At InvestoXpert, we believe that the future of the Indian real estate sector holds immense promise. By implementing policies that support economic growth, innovation, and a business-friendly environment, the government can drive significant progress. Essential measures include tax reforms, infrastructure development, and ease of doing business initiatives. Promoting entrepreneurship and investing in key sectors are equally crucial. Stability in governance and a robust regulatory framework create a conducive environment for business expansion and investment. As urbanization continues to rise and the commercial real estate market expands, the sector's long-term prospects remain bright".
Ramani Sastri - Chairman & MD, Sterling Developers said, “Stable home loan rates improve consumer confidence and enable more informed investment decisions, since there is a noticeable shift in the intent and aspirations of Indian homebuyers. We will continue to see a multi-fold growth in real estate investments since the real estate market is less volatile than other investment markets and delivers higher returns. Also, elections in India have had significant effects on various economic sectors, including real estate, due to varied changes in policy direction. We believe that policy stability and conducive economic environment could catalyze further growth in the real estate market.”
