Budget 2024-25: NAREDCO seeks funds for completing stressed and stalled residential projects, input tax credit under GST ...Middle East

The National Real Estate Development Council (NAREDCO) has suggested the Union finance ministry come up with the second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund in the upcoming budget for the financial year 2024-2025. In a letter to Union Finance Minister Nirmala Sitharaman, as part of its pre-budget recommendations by the apex real estate body, it further sought other budgetary support and relaxations, including allowing input tax credit under GST and incentives for rental housing, in order to achieve "housing for all."

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