With the results of 2024 Lok Sabha elections giving a majority to the National Democratic Alliance (NDA), real estate sector players expect tax reforms, a push to affordable housing and infrastructure development along with initiatives to simplify business operations from the next government. They also want some provisions made to reduce the EMIs (equated monthly instalments) homebuyers have to pay on their loan and introduction of sustainability incentives for the sector.

Realtors body NAREDCO on Tuesday demanded that the new government should bring policy reforms for growth in the real estate sector and provide tax incentives to home buyers as well as developers to boost housing demand. The association also sought streamlining of getting approvals to develop projects.Reacting to the results of the Lok Sabha elections 2024, G Hari Babu, NAREDCO national president, said, “The real estate sector is at a crucial point, with great growth potential but significant challenges.

जमीन-जायदाद के विकास से जुड़ी कंपनियों के संगठन नारेडको ने कहा कि नई सरकार को रियल एस्टेट क्षेत्र में वृद्धि को लेकर नीतिगत सुधार करने के साथ आवास मांग को बढ़ावा देने के लिए मकान खरीदारों के साथ-साथ डेवलपर को कर प्रोत्साहन प्रदान करना चाहिए। नेशनल रियल एस्टेट डेवलपमेंट काउंसिल (नारेडको) ने परियोजनाओं के विकास के लिए अनुमोदन प्राप्त करने की प्रक्रिया को सरल बनाने की भी मांग की।

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Real estate sector demands to new govt: ಕಳೆದ ಕೆಲ ವರ್ಷಗಳಿಂದ ಇನ್ಫ್ರಾಸ್ಟ್ರಕ್ಚರ್ ಯೋಜನೆಗಳ ಪರಿಣಾಮವಾಗಿ ಭಾರತದಲ್ಲಿ ರಿಯಲ್ ಎಸ್ಟೇಟ್ ಉದ್ಯಮ ಗಣನೀಯವಾಗಿ ಬೆಳೆದಿದೆ. ಈ ಬೆಳವಣಿಗೆಗೆ ಇನ್ನಷ್ಟು ಪುಷ್ಟಿ ಕೊಡಲು ಬೇಕಾದ ಕ್ರಮಗಳನ್ನು ಜಾರಿಗೊಳಿಸಿ ಎಂದು ಈ ಉದ್ಯಮದವರು ಬೇಡಿಕೆ ಮುಂದಿಟ್ಟಿದ್ದಾರೆ. ಬಡ್ಡಿದರ ಇಳಿಕೆಯಿಂದ ಹಿಡಿದು ತೆರಿಗೆ ಇಳಿಕೆಯವರೆಗೆ ವಿವಿಧ ಬೇಡಿಕೆಗಳ ಬಗ್ಗೆ ವಿವರ ಇಲ್ಲಿದೆ.

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Realtors body NAREDCO on Tuesday demanded that the new government should bring policy reforms for growth in real estate sector and provide tax incentives to home buyers as well as developers to boost housing demand. The association also sought streamlining of getting approvals to develop projects.

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Realtors body NAREDCO on Tuesday demanded that the new government should bring policy reforms for growth in real estate sector and provide tax incentives to home buyers as well as developers to boost housing demand. The association also sought streamlining of getting approvals to develop projects.

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The real estate sector hopes that the new government would continue to focus on infrastructure development, work towards lowering home loan interest rates, prioritize affordable housing, and provide tax incentives for sustainable development.

“The real estate industry always looks towards a stable government that will ensure no interruptions in the ongoing schemes and investments into infrastructure development. This, above everything else, unleashes the real estate potential of current and developing geographies,” said Anuj Puri, chairman, Anarock Group.

Election 2024: The National Real Estate Development Council (NAREDCO), an organization of real estate developers, has said that the new government should provide tax incentives to homebuyers as well as developers to boost residential demand along with making policy reforms regarding the growth in the real estate sector. The organization also demanded to simplify the process of obtaining development approval.

In a video interview with Aneeka Chatterjee, G Hari Babu, president of the National Real Estate Development Council (Naredco), the sector’s regulatory body, identifies emerging investment hotspots, and the trends and technologies shaping the industry.

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The housing market in Hyderabad, much like many other places in India, is seeing a significant trend towards luxurious homes with spacious layouts and top-notch amenities. G Hari Babu, the National President of National Real Estate Development Council, highlighted the rising property prices that have continued through 2024 and the evolving market dynamics.