Nayan Raheja, Raheja Developers on the recent budget

The real estate sector’s long-standing demand has not been addressed in Budget 22-23. We’ve been requesting industry status for the entire sector as well as single-window clearance to ensure smooth operations, but the government has yet to respond. Overall, Hon’ble FM’s budget announcements appear to be a mixed bag from a real estate standpoint. While the anticipated expansion of smaller cities and infrastructural improvements can be considered as favorable developments for the sector.