Stamp duty cut to benefit homebuyers, say realtors

The Union Budget's measures targeting affordability, urban development, and infrastructure growth are expected to stimulate housing demand and benefit real estate firms and homebuyers. Industry experts appreciate the focus on industrial corridors, urban housing, and the revamp of cities. The allocation of funds under PMAY Urban Scheme and rationalization of stamp duty are seen as positive steps. Additionally, the budget's emphasis on rental housing market enhancement and increased deduction limits under the new tax regime could drive up real estate investment in the residential sector.