By Mr. Mazhar Syed, Director, Asmita India Realty:
“The swift advancement of infrastructure, spanning physical, digital, and social aspects, indicates an era of unparalleled progress. Every part of the country is actively contributing to economic growth. In the 21st century, Digital Public Infrastructure becomes a crucial element in production, significantly contributing to the organization of the economy. Our vision for ‘Viksit Bharat’ is that of a Prosperous Bharat in harmony with nature, with modern infrastructure, and providing opportunities for all citizens and all regions to reach their potential. As we construct, connect, and introduce new ideas, our collaborative endeavors are molding a future where comprehensive growth flourishes on a sturdy and interconnected infrastructure.”
By Mr. Harshvardhan Tibrewala, Director, Roha Realty:
The Budget 2024 signals a bold stride towards ‘Viksit Bharat’ with an 11.1% increase in infrastructure expenditure, reaching ₹11,11,111 crore, or 3.4% of the GDP. This boost underscores the government’s commitment to economic growth and widespread employment.
The vision for ‘Viksit Bharat’ envisions a prosperous nation with modern infrastructure and opportunities for all. This aligns with the real estate sector’s growth, promising increased property values as infrastructure improves. Real estate investors can anticipate a positive impact on property markets, making strategic investments more appealing in the coming year.
By Mr. Sachin Patel, Chief Managing Director, Swaminarayan Group:
The government’s commitment to infrastructure through ‘Viksit Bharat’ in the budget 2024 shines a beam of hope on the growth of the real estate sector. The government has allocated 11,11,111 crore rupees which is an 11.1% increase from the previous year proclaims their commitment to increase economic growth and boost employment creation. This substantial investment, constituting 3.4% of the GDP, promises a multiplier effect that will undoubtedly stimulate the real estate market.
The vision of ‘Viksit Bharat’ is Prosperous Bharat is “Prosperous Bharat in harmony with nature, with modern infrastructure, and providing opportunities for all citizens and all regions to reach their potential”.
Emphasizing the transformative impact of the Atal Setu (Mumbai Trans Harbour Link) Bridge on Industry growth, there is a pressing need for the government to prioritize more such infrastructure developments to unleash substantial economic potential.