Informative

Union Budget 2024-25: ₹10 Lakh Crore Investment to Address Housing Needs of 1 Crore Urban

Update / Judgement Date

23 Jul 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Investment BankingPSU's AND Govt. UndertakingsRERA & Property Act

In the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman announced a substantial investment of ₹10 lakh crore to address the housing needs of 1 crore urban poor and middle-class families. The plan aims to boost affordable housing projects and enhance urban infrastructure. This initiative is part of the government's broader strategy to improve living conditions and support economic growth through significant financial outlay in the real estate and urban development sectors.

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Union Budget 2024-25: ₹10 Lakh Crore Investment to Address Housing Needs of 1 Crore Urban

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