Although the interim budget didn't offer immediate relief to the real estate sector, the notable 11% increase in capital expenditure holds promise for a brighter future. This boost in foundational spending suggests positive developments ahead for real estate.

 

With increased funding allocated to infrastructure, there's optimism for substantial economic growth, particularly benefiting the housing and commercial real estate markets. Builders are excited about the potential to cater to the housing needs of middle-income families and those in need. Additionally, the absence of new taxes is expected to indirectly benefit individuals, creating a favorable environment for the real estate industry.

 

The anticipated enhancements in connectivity with other cities are poised to invigorate Tier-2 and Tier-3 cities, fostering a surge in demand for residential properties in these areas. Builders are buoyant about the transformative impact of metro and rapid rail systems on the real estate sector. While the decision to construct two crore houses under the Prime Minister's Rural Housing Scheme is applauded, it's perceived as an indirect boost to the real estate market rather than a direct influence.