Budget wishlist: Developers push for enhancing affordability, more tax rebate
India’s booming real estate sector is seeking a slew of reforms from the NDA government in the upcoming union budget to keep the demand momentum alive amidst concern that an exorbitant rise in property prices may dampen the sentiments. Finance Minister Nirmala Sitharaman is set to present the FY24-25 Budget on July 23rd. Industry body for developers NAREDCO has demanded the launch of the second phase of the Special Window for Affordable and Mid-Income Housing (SWAMIH) with a corpus of Rs 50,000 crore in FY24-25 to revitalize the affordable housing segment.
