Strategic Reforms in Union Budget 2024 to Boost Investment and Urban Growth | Niranjan HIranandani

The Union Budget 2024 introduces significant reforms to enhance investment and urban growth. The reduction of long-term capital gain tax to 12.5%, coupled with a reduced holding period of 24 months, is poised to stimulate investments and competitiveness. Encouraging state governments to cut stamp duty and development premiums aims to boost urban housing and affordability. Additionally, the focus on redevelopment and transit-oriented development schemes is set to drive urban growth, generate employment, and attract investments, thereby optimizing development costs and invigorating economic growth.

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