Budget 2024: With China's real estate reforms in place, is it time for India to up the ante too in Budget?

Union Budget Real Estate Expectations: India's real estate sector is set to play a crucial role in the country's ambitious goal of becoming a developed nation by 2047. With a target to boost the sector's contribution to GDP from 8% to 13% by 2025, India aims to leverage urban development and sustainable growth. Lessons from China's recent reforms highlight the need for India to accelerate its growth and maintain a competitive edge. The sector anticipates significant policy shifts in the upcoming Union Budget 2024 to spur further growth and address key challenges.