Union Budget 2024-25

How does it effect Hyderabad and its Real Estate Market

The Union Budget 2024-2025 is set to significantly enhance Hyderabad's infrastructure and connectivity, benefiting various sectors including real estate.

Key allocations include Rs 11,11,111 crore for capital expenditure, 3.4% of GDP, to fund infrastructure projects like flyovers, bridges, underpasses, RoBs, and RuBs. An additional Rs 1.5 lakh crore in long-term interest-free loans will help states with resource allocations.

• Infrastructure Development: Significant investment in flyovers, bridges, underpasses, - and the Hyderabad-Bengaluru Industrial Corridor to improve connectivity.

• Rental Housing and Industrial Parks: Development of dormitory-type accommodations for industrial workers and investment-ready industrial parks.

• Stamp Duty Reduction: Encouragement for states to moderate high stamp duty rates, with a focus on lowering duties for properties purchased by women.

  
  

Karuna Gopal Vartakavi praised the budget for addressing macroeconomic goals and skilling for employability, while V. Rajashekhar Reddy emphasized the positive impact of infrastructure investments and urban planning on Hyderabad's real estate sector.