Credit: FreepikPost Union Budget 24-25 Analysis
Key impacts on real estate and infrastructure development
October 22, 2024Real Estate
Written by Isabella Toledo
India has recently navigated a series of global challenges, including geopolitical tensions, trade fragmentation, and climate change-related issues. Despite these obstacles, the country has shown resilience, achieving a strong GDP growth rate of 8.2% for fiscal year 2024 while containing the fiscal deficit at 5.6%.
These achievements not only highlight India's economic strength but also emphasise its focus on maintaining financial discipline while promoting growth, increasing investor confidence, with the strength of the banking sector and positive financial market outlook further reinforcing this sentiment.
Building on this momentum, Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25, highlighting key priorities aimed at sustaining growth. These include enhancing productivity in agriculture, promoting employment and skills development, and focusing on energy security, infrastructure, and urban development.
The budget also introduces several measures expected to significantly influence the real estate sector, such as the Pradhan Mantri Awas Yojana (PMAY) 2.0, tax reforms, and land record digitisation, which could have far-reaching implications for developers, investors, and stakeholders.
GRI Club India's latest report, based on insights from our online "Post Budget Analysis: Union Budget 2024" meeting, offers a detailed analysis of these amendments and their potential impacts on the real estate and infrastructure sectors.
Read the key takeaways from the session here.
India has recently navigated a series of global challenges, including geopolitical tensions, trade fragmentation, and climate change-related issues. Despite these obstacles, the country has shown resilience, achieving a strong GDP growth rate of 8.2% for fiscal year 2024 while containing the fiscal deficit at 5.6%.
These achievements not only highlight India's economic strength but also emphasise its focus on maintaining financial discipline while promoting growth, increasing investor confidence, with the strength of the banking sector and positive financial market outlook further reinforcing this sentiment.
Building on this momentum, Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25, highlighting key priorities aimed at sustaining growth. These include enhancing productivity in agriculture, promoting employment and skills development, and focusing on energy security, infrastructure, and urban development.
The budget also introduces several measures expected to significantly influence the real estate sector, such as the Pradhan Mantri Awas Yojana (PMAY) 2.0, tax reforms, and land record digitisation, which could have far-reaching implications for developers, investors, and stakeholders.
GRI Club India's latest report, based on insights from our online "Post Budget Analysis: Union Budget 2024" meeting, offers a detailed analysis of these amendments and their potential impacts on the real estate and infrastructure sectors.
Read the key takeaways from the session here.
