The Indian real estate peaked in 2023. Industry experts believe that the bullish sentiments in the market will further continue in 2024 backed by a healthy macroeconomic outlook, stable lending rates, and an upbeat job market.
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To boost the real estate industry, the government should consider giving it industry status, and provide single window clearance, tax breaks, and GST rationalization in the budget. These measures will have positive impacts on other related industries as well.
In the coming budget, the governing agencies should look into giving real estate the industry status which is long due alongside mulling over single window clearance, tax breaks, and GST rationalization.
Read more at: livemint
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