8 things the real estate sector is looking forward to from Budget 2024

Interim Budget 2024: The interim budget for the financial year 2024–25 announced today was much anticipated and looked forward by the real estate players as they had hoped that the finance minister would provide a boost to the sector with a change in the definition of affordable housing.

As discussed in the pre-budget consolidated study of some of the biggest names, almost all of them had a subtle but firm expectation that the threshold limit would be increased from the existing Rs 45 lakh.

As per a report by property consultancy ANAROCK, the affordable housing sector of India saw a decline of 20% percent in sales in 2023 as compared to a decline of 30% in 2022. Therefore, it was expected that the Interim Budget 2024 would provide a big boost to the real estate sector.