Union Budget 2024: K Raheja Realty’s anticipation for the future of Real Estate in India
Attributed to Mr. Shankar Tekchandani, General Manager, Corporate Sales and Leasing, K Raheja Realty
Elaborating on his expectations and thoughts on the forthcoming Union Budget 2024, Mr. Shankar Tekchandani, General Manager, Corporate Sales and Leasing, K Raheja Realty shares, “We at K Raheja Realty are eagerly anticipating the unveiling of the Union Budget 2024. Foreseeing a strategic roadmap that fosters the growth, hoping that the upcoming policies stimulate the growth of luxury properties, elevating an environment for sustainable development. While we anticipate the facilitation of easier access to housing finance, we also look forward to streamlined regulations covering transparent and efficient processes.
Additionally, there is a pressing need for GST rationalization and increased home loan interest deductions to stimulate demand and foster sustainable growth.
With sustainability practices taking centre stage, the integration of smart home technologies and incorporation of wellness luxury amenities have become increasingly prominent. Anticipating policies that further nurture a cohesive environment for smart homes. Further, for the sector to reduce its carbon footprint on the environment, policies around green infrastructure and initiatives should be introduced.”