Sumedha Sharma
Gurugram, February 1
With the pre-election interim budget 2024 prioritising affordable and rural housing, the realty market and construction industry of the Delhi NCR have got a boost. Finance Minister Nirmala Sitharaman has announced that the government would launch a housing scheme for the middle-class, schemes to help slum-dwellers as well as those living on rent.
The government has announced two crore more houses under the Pradhan Mantri Awas Yojna - Gramin.
“The government's commitment to housing development through the Pradhan Mantri Awas Yojana - Gramin is laudable, with the announcement of two crore additional houses reflecting a dedicated effort to improve residents' lives and address rural housing challenges. Further, the reiteration of a new scheme for the urban middle-class population, would also boost the confidence of both the common man and the real estate sector. We now look forward for a clear roadmap of this scheme which will be a major boost to realty sector and overall development of the NCR,” said BG Hari Babu, national president, National Real Estate Development Council.
“The Finance Minister underscored the government's recognition of the significance of homeownership. With the economic scenario improving and the average real income of individuals witnessing a 50 per cent increase, optimistic expectations abound for the real estate sector to thrive across all segments. An additional favourable development is the government's unwavering focus on infrastructure development, reflected in the 11.1 per cent increase in the outlay for infrastructure,” added Pradeep Aggarwal, founder and chairman, Signature Global.
Nayan Raheja, chairman, Raheja Developers, said the increased spending on infrastructure, would increase prosperity and also boost economic prospects.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
Salman Khan house firing case: Accused attempts suicide in lock-up, dies at hospital in Mumbai
Deceased was accused of supplying weapons to shooters who op...
At least 100 schools receive bomb threats in Delhi NCR; found nothing after checks, say police
The schools are evacuated after local police are informed ab...
Election Commission revises protocol for handling, storage of symbol loading unit of EVM and VVPAT after Supreme Court order
Top poll body directs all state chief electoral officers to ...
PIL in Supreme Court seeks directions to study possible side effects of Astrazeneca's Covishield vaccine
Astrazeneca has admitted before a court in UK that Covishiel...
Sidhu Moosewala murder case: Court frames charges against jailed gangster Lawrence Bishnoi, 26 others
Canada-based gangster Goldy Brar, prime accused in the case,...
