Top realtors hail Interim Budget as 'inclusive growth oriented & visionary'

Mumbai, Feb 1: Top realty developers and builders here on Thursday have lauded the Interim Budget 2024-2025 as 'visionary' and 'inclusive growth-oriented' with sustainable development intended to transform India.

NAREDCO Maharashtra President Sandeep Runwal said the commitment to PM Awas Yojana Gramin with a target of constructing 2 crore additional houses, continues the government's focus on rural development.

"Achieving the milestone of 3 crore houses under the rural housing scheme and setting an ambitious target for the next 5 years reflects a significant investment in infrastructure development that addresses a basic need -- housing," said Runwal.

He also lauded the announcement of a new housing scheme for the middle class aimed at addressing the housing needs of those living in substandard conditions like slums and chawls or those burdened by rent. By facilitating home ownership, the government is not only looking to improve living standards but also to stimulate the real estate sector and associated industries, said Runwal.