Get access to Exclusive Content for Free. Join Us Now!

Explore Aurum kuberx Click here to explore

/Media/Anticipati...

Anticipations for the Real Estate and Infrastructure Sectors in the Upcoming Union Budget 2024

5th July 2024

4 Min Read

Keki Mistry Discusses Future Prospects for Real Estate and Infrastructure Sectors

“Today, there are four listed REITs and they have been extremely successful, and I think it is only a matter of time before we see more developers putting their properties in REITs. So, you will see potential continuous strong demand for real estate in the country,” says Keki Mistry, Former VC & CEO, HDFC.

Factors Driving Continuous Strong Demand for Real Estate in India

Keki Mistry: The sector is poised for growth not just in residential housing but also in commercial housing. India has truly become the back office of the world, leading to the creation of more data centers and the development of more REITs.

Currently, there are four listed REITs, and their success indicates that it is only a matter of time before more developers list their properties in REITs. This trend is expected to sustain the strong demand for real estate in the country.

Expectations from the Real Estate and Infrastructure Sectors in the Upcoming Union Budget

Keki Mistry: I believe the focus will be on affordable housing, and we can expect some scheme to emerge in support of the affordable housing segment.

In the past, around 2015 or 2016, the government introduced the CLSS (Credit Linked Subsidy Scheme) for first-time homebuyers. Under this scheme, buyers purchasing properties up to a certain size were entitled to concessions or subsidies from the government. I anticipate that a similar initiative—whether in the form of a subsidy or another mechanism—will be introduced to encourage lower-income individuals to purchase homes.

Unlock the Latest in Real Estate

Reach Out to Us

Data that drives action. Insight that inspires action. Technology that empowers action.“

Aurum Proptech

© PropTech Pulse 2025, All rights reserved.

Terms of Use and Privacy Policy