\Mr. Bala Ramajayam, Founder and Managing Director, G Square Group
“We congratulate the government on presenting a forward-looking Union Budget that reinforces infrastructure as a foundation for sustainable real estate growth. The Budget provides a strong tailwind for the real estate sector in Tamil Nadu, especially in Chennai and emerging growth corridors across the state.
The continued focus on infrastructure development, city economic regions, Tier I and Tier II cities, and improved connectivity will accelerate planned urban expansion and enhance the attractiveness of well-developed residential locations.
Measures to unlock real estate assets through REITs, reduce construction-phase risks for infrastructure projects and simplify property transactions involving non-residents will further strengthen ease of doing business and market transparency. Importantly, the emphasis on sustained public investment and economic stability will help improve affordability and boost homebuyer confidence.
For plotted development, this creates an enabling environment for first-time buyers and long-term investors seeking accessible, well-connected and value-driven housing options.”
