Mid-premium homes set to see higher demand

Houses priced between Rs 40 lakh and Rs 1.5 crore (mid- and premium segment) had a share of 52 % in total supply in H1 CY24.

The sales of mid-premium residential properties (priced between Rs 1-2 crore) are expected to get a leg up with the Union Budget proposals.

As per the Budget proposal, those earning upto Rs 12 lakh in salary will pay nil income tax in the new regime. This move is expected to leave additional disposable income in the hands of taxpayers. A third of the tax relief , estimated at Rs 1 lakh crore could go into consumer expenditure and the rest into savings and investments, according to estimates. Read more

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I'm the voice behind Open House. The pursuit of excellence has been the guiding principle of my life, driving me to continuously strive toward my fullest potential to achieve maximum impact.

Let's Connect Deeper

I'm the voice behind Open House. The pursuit of excellence has been the guiding principle of my life, driving me to continuously strive toward my fullest potential to achieve maximum impact.