Real estate rebounded in FY 2023-24, sales at 90% of pre-COVID levels in some cities. Budget expectations: higher home loan rebates, GST rule changes, and affordable housing threshold adjustments to boost genuine homebuyer interest.
Pre-election, expect government to consider populist measures like lower taxes, increased allocations for schemes, potentially boosting disposable income and supporting the retail industry’s growth.
Past budget boosts infrastructure capex, reaching ₹10 lakh crore, a 33% rise. Interim budget expected to emphasize economic growth with increased capex in railways, highways, and urban infrastructure.