While the interim budget may not unveil significant policy shifts, there's anticipation of some populist measures that could be introduced to bolster the ruling party's chances in the upcoming general election.
The dream of owning a home remains elusive for millions of Indians, and the government aims to bring it closer to reality as the finance minister unveils the interim budget on February 1.
Analysts predict a continued bullish trend in the Indian real estate market for 2024, fueled by a robust macroeconomic outlook and a positive job market. Growth and investment are expected to be stimulated by infrastructure development, reduced borrowing costs, and anticipated tax reforms, creating a sustainable environment for real estate.
To address the housing issue, the government has already implemented measures such as the Pradhan Mantri Awas Yojana, designed to provide affordable housing, with its tenure set to conclude in 2024.
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