{"id":16773,"date":"2024-07-22T18:05:35","date_gmt":"2024-07-22T12:35:35","guid":{"rendered":"https:\/\/blog.bigproperty.in\/?p=16773"},"modified":"2024-07-23T11:21:27","modified_gmt":"2024-07-23T05:51:27","slug":"union-budget-2024-overview-of-the-union-budget-impact-on-real-estate","status":"publish","type":"post","link":"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/","title":{"rendered":"Union Budget 2024: Overview of the union budget Impact on Real Estate"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#1_Lower_GST_Rates_and_Interest_Rates\" >1. Lower GST Rates and Interest Rates:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#2_Industrial_Status_for_Real_Estate\" >2. Industrial Status for Real Estate:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#3_Affordable_Housing\" >3. Affordable Housing:&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#4_Sustainability_Focus\" >4. Sustainability Focus:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#5_Infrastructure_Development\" >5. Infrastructure Development:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#In_the_words_of_some_experts\" >In the words of some experts:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#Conclusion\" >Conclusion:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#Frequently_Asked_Questions\" >Frequently Asked Questions:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#Suggested_articles\" >Suggested articles:<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The Indian real estate market has been growing rapidly in recent months due to increasing urbanization, regulatory changes, higher incomes, and rising consumer confidence. As<strong><a href=\"https:\/\/www.indiabudget.gov.in\/\"> Budget 2024<\/a> <\/strong>approaches, the real estate industry has several hopes, including lower GST rates, reduced interest rates on home loans, a general decrease in property prices, a more efficient system for getting approvals, and the development of new areas outside city centers. The real estate sector has played a significant role in boosting the country&#8217;s economic growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Lower_GST_Rates_and_Interest_Rates\"><\/span>1. Lower GST Rates and Interest Rates:&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"626\" height=\"386\" src=\"https:\/\/bigproperty.in\/blog\/\/wp-content\/uploads\/2024\/07\/Premium-Photo-_-Gst-concept-with-wooden-blocks-and-notepads.jpeg\" alt=\"GST\" class=\"wp-image-16776\" style=\"width:740px;height:auto\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Premium-Photo-_-Gst-concept-with-wooden-blocks-and-notepads.jpeg 626w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Premium-Photo-_-Gst-concept-with-wooden-blocks-and-notepads-300x185.jpeg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Premium-Photo-_-Gst-concept-with-wooden-blocks-and-notepads-356x220.jpeg 356w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/figure>\n\n\n\n<p class=\"has-small-font-size\">Source: Pinterest<\/p>\n\n\n\n<p>Hopes are high for a reduction in <strong><a href=\"https:\/\/bigproperty.in\/blog\/\/gst-on-construction-complete-guide-2024\/\"><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-luminous-vivid-orange-color\">GST rates<\/mark><\/a><\/strong> and home loan interest rates. This could lower property costs and make real estate more affordable for both developers and buyers. The GST input tax credit rule is also expected to bring more transparency and reduce costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Industrial_Status_for_Real_Estate\"><\/span>2. Industrial Status for Real Estate:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"600\" height=\"400\" src=\"https:\/\/bigproperty.in\/blog\/\/wp-content\/uploads\/2024\/07\/The-Best-Ways-To-Get-Out-Of-A-Financial-Hole.jpeg\" alt=\"Industrial Status for Real Estate\" class=\"wp-image-16779\" style=\"width:713px;height:auto\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/The-Best-Ways-To-Get-Out-Of-A-Financial-Hole.jpeg 600w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/The-Best-Ways-To-Get-Out-Of-A-Financial-Hole-300x200.jpeg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p class=\"has-small-font-size\">Source: Pinterest<\/p>\n\n\n\n<p>One major hope is for the real estate sector to be granted industrial status. This would lead to easier access to funding and simplified regulatory procedures, benefiting the entire industry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Affordable_Housing\"><\/span>3. Affordable Housing:&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"897\" height=\"313\" src=\"https:\/\/bigproperty.in\/blog\/\/wp-content\/uploads\/2024\/07\/h4all.jpg\" alt=\"Housing for all scheme in Union Budget 2024\" class=\"wp-image-16781\" style=\"width:841px;height:auto\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/h4all.jpg 897w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/h4all-300x105.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/h4all-768x268.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/h4all-696x243.jpg 696w\" sizes=\"(max-width: 897px) 100vw, 897px\" \/><\/figure>\n\n\n\n<p class=\"has-small-font-size\">Source: Pinterest<\/p>\n\n\n\n<p>&nbsp;The government&#8217;s <strong>&#8220;Housing for All&#8221;<\/strong> initiative is expected to gain more support in this budget. This might include reviving <strong>credit-linked assistance programs<\/strong> and broadening the definition of affordable housing to include homes with larger carpet areas priced between <strong>\u20b965 lakhs and \u20b975 lakhs<\/strong>. Additionally, there&#8217;s a proposal to increase the <strong>Section 80C<\/strong> principal repayment deduction from \u20b91.5 lakh to \u20b92.5 lakh, which would make mortgages more accessible and affordable.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Also read:<\/strong><mark style=\"background-color:#ffffff\" class=\"has-inline-color\"> <\/mark><strong><a href=\"https:\/\/bigproperty.in\/blog\/\/pmay-urban-scheme-2024-eligibility-details-benefits-and-latest-updates\/\"><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-red-color\">PMAY Urban Scheme 2024<\/mark><\/a><\/strong><\/h3>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Sustainability_Focus\"><\/span>4. Sustainability Focus:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"626\" height=\"417\" src=\"https:\/\/bigproperty.in\/blog\/\/wp-content\/uploads\/2024\/07\/Intaxication-The-Day-After-Tax-Day-Slang-Word-of-the-Day.jpeg\" alt=\"Tax benefits under Union Budget 2024\" class=\"wp-image-16782\" style=\"width:688px;height:auto\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Intaxication-The-Day-After-Tax-Day-Slang-Word-of-the-Day.jpeg 626w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Intaxication-The-Day-After-Tax-Day-Slang-Word-of-the-Day-300x200.jpeg 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/figure>\n\n\n\n<p class=\"has-small-font-size\">Source: Pinterest<\/p>\n\n\n\n<p>There&#8217;s growing interest in incentives for eco-friendly and sustainable housing projects. These incentives might include favorable loan terms, subsidies, and tax benefits for developers and buyers who prioritize green building practices. This focus on sustainability would reduce the carbon footprint, promote energy efficiency, and offer long-term savings and better living standards.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading has-white-background-color has-background\"><strong>Also read:<\/strong> <strong><a href=\"https:\/\/bigproperty.in\/blog\/\/andhra-pradesh-property-tax-2024-how-to-pay-ap-property-tax\/\"><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-red-color\">How to Pay AP Property Tax<\/mark><\/a><\/strong><\/h3>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Infrastructure_Development\"><\/span>5. Infrastructure Development:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"735\" height=\"551\" src=\"https:\/\/bigproperty.in\/blog\/\/wp-content\/uploads\/2024\/07\/Data-science-can-help-developers-create-sustainable-infrastructure-for-the-future.jpeg\" alt=\"Infra structure development in Union Budget 2024\" class=\"wp-image-16783\" style=\"width:768px;height:auto\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Data-science-can-help-developers-create-sustainable-infrastructure-for-the-future.jpeg 735w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Data-science-can-help-developers-create-sustainable-infrastructure-for-the-future-300x225.jpeg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Data-science-can-help-developers-create-sustainable-infrastructure-for-the-future-80x60.jpeg 80w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Data-science-can-help-developers-create-sustainable-infrastructure-for-the-future-265x198.jpeg 265w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Data-science-can-help-developers-create-sustainable-infrastructure-for-the-future-696x522.jpeg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2024\/07\/Data-science-can-help-developers-create-sustainable-infrastructure-for-the-future-560x420.jpeg 560w\" sizes=\"(max-width: 735px) 100vw, 735px\" \/><\/figure>\n\n\n\n<p class=\"has-small-font-size\">Source: Pinterest<\/p>\n\n\n\n<p>The government is expected to take steps to promote infrastructure development, streamline regulatory processes, and offer incentives for green building techniques. These measures would encourage investment and ensure long-term economic stability in the real estate sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_the_words_of_some_experts\"><\/span>In the words of some experts:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Angad Bedi, Managing Director of BCD Group<\/strong>, emphasizes that the real estate sector needs industry status to help achieve the government&#8217;s goals of providing housing for all and reaching a $5 trillion economy by 2025.<strong> &#8220;The government should focus on strengthening sector regulations, including RERA, implementing single-window clearances for all approvals, and ensuring swifter resolution of stalled projects to accelerate growth,&#8221; he stated.<\/strong><\/p>\n\n\n\n<p><strong>The chairman and managing director of Sterling Developers Pvt. Ltd., Ramani Sastri<\/strong>, recommends that the government raise the annual deduction cap for house loan interest payments from the existing \u20b92 lakh to \u20b95 lakh. This change would boost housing demand. He highlights that<strong> &#8220;affordability is a major challenge for many people, so expanding the definition of affordable housing would extend benefits to homebuyers and stimulate demand. Additionally, he mentions that providing tax exemptions on rental income could encourage more investment in residential real estate.\u201d<\/strong><\/p>\n\n\n\n<p><strong>Madhusudan G., Chairman and Managing Director of Sumadhura Group<\/strong>, expressed hopes for the Union Budget 2024\u201325 to introduce progressive reforms to address the increasing demand for residential and commercial spaces.<strong> &#8220;Our top priorities include tax breaks for affordable housing projects to invigorate stagnant sales in the sector. Additionally, reviving the credit-linked subsidy scheme will make homeownership more accessible,&#8221; he said.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Budget 2024 has the potential to be a game-changer for Indian real estate. With a focus on tax cuts, easier loans, and industry status, the sector could see a significant boost. Affordable housing seems to be a key priority, with proposals to make it more accessible and incentivize green building practices. Overall, the industry is optimistic that the budget will address growth, affordability, and sustainability, paving the way for a brighter future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1721648394412\"><strong class=\"schema-faq-question\">Q1.What are some key expectations for real estate in Budget 2024?<\/strong> <p class=\"schema-faq-answer\">Ans: The industry hopes for lower GST rates, reduced home loan interest rates, and industry status for easier funding and regulations.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1721648467489\"><strong class=\"schema-faq-question\">Q2.How could the budget impact affordable housing?<\/strong> <p class=\"schema-faq-answer\">Ans: Measures like increased tax deductions and a broader definition could make buying a home more accessible.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1721648532882\"><strong class=\"schema-faq-question\">Q3.What role will sustainability play in the budget?<\/strong> <p class=\"schema-faq-answer\">Ans: Incentives for eco-friendly construction are expected, promoting green building practices and reducing the environmental impact.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1721648586625\"><strong class=\"schema-faq-question\">Q4.What do experts say about the budget&#8217;s potential impact?<\/strong> <p class=\"schema-faq-answer\">Ans: Industry leaders see the budget as an opportunity to boost growth, affordability, and sustainable development in real estate.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1721648637186\"><strong class=\"schema-faq-question\">Q5.What are some specific proposals for making housing more affordable?<\/strong> <p class=\"schema-faq-answer\">Ans: Raising the deduction cap for home loan interest payments and reviving credit-linked subsidy schemes are potential measures.<\/p> <\/div> <\/div>\n\n\n\n<div class=\"wp-block-buttons has-custom-font-size has-medium-font-size is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background wp-element-button\" href=\"https:\/\/whatsapp.com\/channel\/0029VaAUFkA9sBIBNO1s1u1V\"><strong><em> WhatsApp channel<\/em><\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-green-cyan-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=bigproperty.in&amp;pcampaignid=web_share\"><strong><em>Download our App<\/em><\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Suggested_articles\"><\/span><strong>Suggested articles:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/bigproperty.in\/blog\/\/what-is-an-indemnity-bond-uses-types-of-bonds-more\/\">What is an Indemnity Bond: Uses, Types of Bonds &amp; more<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/bigproperty.in\/blog\/\/tg-bpass-how-to-get-an-approval-for-building-permissions-in-tg\/\">TG-bPass: How to Get an Approval For Building Permissions in TG<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/bigproperty.in\/blog\/\/pmay-urban-scheme-2024-eligibility-details-benefits-and-latest-updates\/\">PMAY Urban Scheme 2024: Eligibility, Details, Benefits and Latest Updates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian real estate market has been growing rapidly in recent months due to increasing urbanization, regulatory changes, higher incomes, and rising consumer confidence. As Budget 2024 approaches, the real estate industry has several hopes, including lower GST rates, reduced interest rates on home loans, a general decrease in property prices, a more efficient system [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":16784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7994,5390],"tags":[3313,8571,8575,8574,8572,8570,8573],"class_list":{"0":"post-16773","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-legal","8":"category-legal-acts","9":"tag-affordable-housing","10":"tag-budget-2024","11":"tag-credit-linked-subsidy-scheme","12":"tag-gst-goods-and-services-tax","13":"tag-housing-market","14":"tag-india-real-estate","15":"tag-sustainable-development"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Union Budget 2024 impact on Real Estates<\/title>\n<meta name=\"description\" content=\"Is Union Budget 2024 a game-changer for Indian real estate? Unveil the potential impacts, including lower GST rates, easier loan options, and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Budget 2024 impact on Real Estates\" \/>\n<meta property=\"og:description\" content=\"Is Union Budget 2024 a game-changer for Indian real estate? 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estate.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#faq-question-1721648637186","position":5,"url":"https:\/\/bigproperty.in\/blog\/union-budget-2024-overview-of-the-union-budget-impact-on-real-estate\/#faq-question-1721648637186","name":"Q5.What are some specific proposals for making housing more affordable?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Ans: Raising the deduction cap for home loan interest payments and reviving credit-linked subsidy schemes are potential 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