Siliconindia

"The real estate sector is looking forward to proactive measures in the 2024 budget that can foster growth and sustainability. We hope to see a reduction in GST rates for construction materials, which would help lower the overall cost of building and, consequently, property prices. Furthermore, introducing a single-window clearance system for project approvals can drastically reduce project delays and boost investor confidence. Additionally, we advocate for policies that promote affordable housing, such as increasing the allocation of government-owned lands for affordable housing projects and reviving tax incentives for developers focusing on this segment. By implementing these measures, the government can help bridge the housing gap and support the sector's recovery post-pandemic."

"As we anticipate the new government under Prime Minister Modi, we expect strong backing for the 'Viksit Bharat' initiative a vision introduced for accelerating the nation's development and promoting economic inclusivity. This transformation requires placing technology at its core. Prioritizing the adoption of digital technologies across critical sectors, especially governance, will encourage inclusivity and efficiency in delivering social and welfare schemes."