Moneycontrol.com- Union Budget's measures may spark real estate boom in top tourist destinations
Real estate players are upbeat on the tourism-related announcements in the Union Budget 2025, stating that these measures could lead to increased demand for residential, commercial, and hospitality investments in major tourist destinations across the country.
The announcements by Finance Minister Nirmala Sitharaman include the development of top 50 destinations, encouraging Buddhist and medical tourism, and MUDRA loans for homestays.
Sudhir Pai, CEO, Magicbricks, said the government’s initiative to develop 50 top tourist destinations will accelerate local economic growth and transform real estate markets.
