Pre-budget quote from Mr. Harshvardhan Tibrewala Director Roha Realty

Pre-Budget Quote:

After agriculture, realty is the second-largest sector that gives employment and contributes to over 8% of the nationwide GDP. This yr, the federal government in its 2024-25 Budget ought to concentrate on offering sops to the housing section by means of tax breaks, fiscal help, and coverage impetus.

The trade is optimistic a few potential enhance within the cap for the credit score hyperlink subsidy scheme and the introduction of tax advantages for first-time homebuyers. These measures are thought of essential for sustaining the sector’s optimistic momentum Moreover, there’s a want for elevated allocation for infrastructure enhancement pan-India and warehousing connectivity.

With the surge in e-commerce, enhanced connectivity for warehousing amenities is pivotal for streamlining the motion of products, lowering transit instances, and optimizing logistical operations. A strategic allocation in the direction of highway and rail connectivity, coupled with modernization initiatives akin to devoted freight corridors, won’t solely ease congestion but in addition improve the general effectivity of the provision chain.

The sector is eagerly anticipating the upcoming Budget and we urge the federal government to introduce vital incentives for the institution of Electric Vehicle (EV) charging stations alongside important roads nationwide. Recognizing the very important function EVs play in fostering a cleaner and greener future, we hope for strategic coverage measures and monetary help that won’t solely speed up the adoption of electrical automobiles but in addition contribute to the event of sturdy charging infrastructure and concrete mobility.