Budget 2024 charts a transformative course, with the Finance Minister championing inclusive growth. Allocating 11.11 Lakh Cr to infrastructure, the government fortifies logistics through the multi-modal freight corridors. Fiscal consolidation at 5.1% triggers an economic resurgence, reducing business borrowing costs. In a significant move, the fiscal year 2024-2025 proposes aiding the installation of rooftop solar systems for one crore houses under the "Pradhanmantri Suryodaya Yojana." Expanding PMAY to rural areas aligns with 'Housing for all,' while prioritising continuous skilling enhances India's competitive edge. 'Sab ka Saath, Sab ka Vikaas,' Budget 2024 positions India toward a developed nation status by 2047. #TransformativeBudget2024 #InfrastructureBoost #DevelopedNationBy2047

2023 was an incredible year for Indian real estate and the interim budget indicates that the government will continue to place emphasis on boosting the sector further with infrastructure development, affordable housing, green energy initiatives, research & innovation and digital infrastructure. The infrastructure outlay that has been increased by 11.1% YoY to INR11.1 lakh crore will play a pivotal role in facilitating growth across real estate segments. The detailed version of the Union Budget to be announced in July 2024 is expected to further build on the cornerstones of green energy and innovation while retaining the focus on transforming India’s infrastructure and real estate landscape. Read the detailed analysis of the interim budget in our latest report - https://ow.ly/58qK50QwJAh #ColliersIndia #IndiaRealEstate #CRE #budget2024 #india #nirmalasitharaman #InterimBudget #BudgetSession #InterimBudget

Here are some key updates from the India Budget 2024: 1. Infrastructure Development: The government has allocated INR 11 lakh crore for infrastructure, the highest ever, to support the Amritsar-Kolkata and Vizag-Chennai Industrial Corridors, new industrial parks, and city development initiatives. Wish the daily commute also gets smoother 2. Healthcare: Significant focus on digital infrastructure and public health spending, with a potential tax holiday for medical tourism to boost the sector. On a lighter note, looks like we spend to spend a vacation in hospital to save some taxes 😊 3. Tax Relief: There are anticipated revisions in tax slabs to provide relief to the middle class, including increasing the basic exemption limit and standard deductions. Too little for the salaried class as always however still welcome 4. Renewable Energy: Major support for renewable energy projects, including solar, wind, and green hydrogen initiatives, aiming to achieve 500 GW capacity by 2030. The government’s green goals might soon turn our rooftops into a mini power plant, more productive than our last Zoom call!!! 5. MSMEs Support: Enhanced support through credit guarantees, e-commerce export hubs, and easier access to funds to help MSMEs drive towards a USD 1 trillion export target by 2030. Sounds big, for small and medium enterprises. 6. Agriculture and Rural Development: Increased funding for micro-irrigation, rural infrastructure, and schemes like Pradhan Mantri Awas Yojana and Gramin Sadak Yojana to support non-farm income and rural development. Rural India is in the process of turning into a model village from a Bollywood movie. 7. Housing and Real Estate: A notable increase in funding for affordable housing, with an 11% rise in capital expenditure expected to boost real estate growth and infrastructure development. Get ready for ‘Extreme Home Makeover – India edition’. Ambani wedding made the stock markets more volatile than the Budget 2024 day. 😀 #budget2024 #budget #Indiabudget #BudgetIndia #FinanceMinister

2023 was an incredible year for Indian real estate and the interim budget indicates that the government will continue to place emphasis on boosting the sector further with infrastructure development, affordable housing, green energy initiatives, research & innovation and digital infrastructure. The infrastructure outlay that has been increased by 11.1% YoY to INR11.1 lakh crore will play a pivotal role in facilitating growth across real estate segments. The detailed version of the Union Budget to be announced in July 2024 is expected to further build on the cornerstones of green energy and innovation while retaining the focus on transforming India’s infrastructure and real estate landscape. Read the detailed analysis of the interim budget in our latest report - https://ow.ly/QpTX50QwJAf #ColliersIndia #IndiaRealEstate #CRE #budget2024 #india #nirmalasitharaman #InterimBudget #BudgetSession #InterimBudget Badal Yagnik Argenio Antao, MRICS Arpit Mehrotra Piyush Gupta Ravi Shankar Singh Vimal Nadar Indranil Basu Taha Ansari Jatin Shah Arnab Ghosh Rajesh Shetty Ajay Sharma, MRICS, F.I.V Swapnil Anil Sukanya Dasgupta

💰 Budget 2024 📊 : Focused Sectors for Investment The upcoming Budget on July 23rd, 2024 is highly anticipated, especially following the recent Lok Sabha election results. The market showed significant bullishness where SENSEX near 80,000 and NIFTY surpassing 24,000. However profit booking has also been observed, indicating a potential opportunity for investors. 1️⃣ RAILWAYS 🚂 : A Sector on the move Last year's (2023) budget allocation was Rs. 2.52 Lakh Crore, now in 2024 key areas of Focus include Modernizing Vande Bharat, The Amrit Bharat Scheme, and Safety upgrades such as The Kavach train accident prevention system, Network expansion, Track Electrification, new trains, and bogies. 2️⃣ RENEWABLE ENERGY ♻ : A Game Changer Last year's (2023) budget allocation was Rs. 35,000 Crore, the renewable energy sector is poised to be a major game changer. The government’s focus on clean energy and sustainable development makes the sector highly attractive for investment. 3️⃣ INFRASTRUCTURE 🏗 : Building the Future India aims to become a developed economy by 2047, and infrastructure investment is crucial to achieving this goal. The Government plans to invest a minimum of 10% of GDP in infrastructure, making it a key area of budget allocations. 4️⃣ DEFENSE 🚀 : Strengthening the Nation The Defense sector has seen remarkable transformation, with a focus on “Make in INDIA” initiatives and export growth. The interim budget allocated Rs. 6.21 Lakh Crores to defense. #Budget2024 #IndianBudget #IndianEconomy #GovernmentOfIndia #IndianRailways #InfrastructureInvestment #MakeInIndia #GreenIndia #CleanIndia #SmartCities

July 23rd, 2024: A Turning Point for India's Energy Security The interim budget on February 1st laid a strong foundation for a net-zero green economy, setting high expectations for the full budget. On July 23rd, Finance Minister Nirmala Sitharaman will present the Union Budget under the Modi 3.0 administration. Industry leaders and economic stakeholders are eagerly awaiting the announcement. They expect themes focused on development, job creation, inflation control, and fiscal management. In the climate and sustainability sectors, hopes are high. Two key areas are at the forefront: 1. India's commitment to a net-zero future and the focus on renewable energy and sustainable mobility. Predictions suggest green taxes to stimulate domestic manufacturing in green energy and mobility sectors. 2. Given India's heavy reliance on coal, there is a strong desire for policies promoting solar energy production. Additionally, reforms in GST and tax structures for Special Purpose Vehicles (SPVs) in power generation and infrastructure projects are anticipated. What trends do you expect to see in the upcoming budget to bolster India's energy security? #UnionBudget2024 #GreenEconomy #SolarEnergy #cleanertomorrow #SafEarth

The world today is at a cross roads. The transition to a sustainable economy requires a change in fiscal policies across the world, especially at the worlds top 10 economies. As one of the worlds fastest growing large economy, how India chooses to reduce its emission intensity, will be key for the peaking of global emission curves. Our budget is probably one of the most policies for us to do that! As a climate entrepreneur, I am quite positive that the union budget this year, is going to create major tailwinds for the growth of renewable energy in India. All eyes on the Respectable Finance Minister! More power to you ma’am! #climatechange #Budget

Interim Budget 2024 with Forbes India-Points so far: #BudgetWithForbesIndia: Green energy - Viability gap funding for harnessing offshore wind energy potential for initial capacity of 1GW: FM #BudgetWithForbesIndia: Greater adoption of e-buses will be encouraged, charging and manufacturing of EV ecosystem to be assisted: FM #BudgetWithForbesIndia: Expenditure outlay increased by 11.1% which will account for 3.4% of GDP: FM #BudgetWithForbesIndia: Government will spend Rs11.11 lakh cr in the next fiscal building infrastructure: FM #BudgetWithForbesIndia: 40,000 normal rail bogeys will be converted to Vande Bharat standards: FM #BudgetWithForbesIndia: States will be encouraged to take on development, branding and marketing of iconic tourist centres. Long-term interest-free loans will be provided to states on matching basis: FM #BudgetWithForbesIndia: Aviation: 517 new routes are carrying 1.3 crore passengers - FM #BudgetWithForbesIndia: Coal gasification and liquefaction - capacity of 100 MT will be set up by 2030: FM Watch it live here: https://lnkd.in/dQSfU44R

A Triple Play - Budget. The optics may be the same -- the pink briefcase, the handloom sari -- but this time the FM is presenting the Budget on behalf of a coalition government, with somewhat different priorities. As a result, we have three new themes that are in focus this year for the government and investors: 1) the rural sector 2) renewables 3) major companies from a particular state - Andhra Pradesh. India's changed political economy is influencing two themes in particular: rural players, and Andhra Pradesh stocks. Coalition politics and upcoming state elections are pushing the government to address rural distress. Second, Andhra Pradesh has entered the spotlight with the Telugu Desam Party's (TDP) rising power at the centre and state, and its involvement in a few businesses. And renewables is one space where reform momentum from the previous government is likely to continue, despite coalition politics. #budget2024

Forget empty promises, forget rhetoric. India's Interim Budget 2024-25 is laying the groundwork for a future powered by progress. The budget recognizes that electric utility infrastructure is the backbone of a thriving economy and a better quality of life. That's why it prioritizes massive investments in: Upgrading the Power Grid: Imagine a nation where power cuts are a relic of the past. This budget is making that vision a reality by modernizing the power grid, ensuring a steady flow of electricity for homes and businesses alike. Embracing Smart Technologies: India is taking a giant leap forward by integrating smart technologies into its power infrastructure. This means a more efficient system, reduced waste, and ultimately, lower costs for consumers. Rural Electrification: Leaving no one behind, the budget places special emphasis on bringing electricity to even the most remote corners of the country. This is a game-changer, empowering rural communities and unlocking their potential. To read the complete blog piece, head to our website or click on this link: https://lnkd.in/d_TntK3x. #tekgeminus #tekg #infrastructure #blog #future #oracle #technology #interimbudget #budget2024 #utility