Key Points
Real estate stocks took a beating on February 1 after the interim Budget 2024 did not include any big bang announcements on the sector.o)..
Other top losers at the BSE included Sobha Ltd (1.88%), Oberoi Realty (1.59%), Godrej Properties also trading lower by 0.80% on Thursday..
The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. ..
As anticipated, the Interim Budget 2024 made no big-bang announcements, but it continued its focus on infrastructure upgrades and building connectivity across the country..
Samantak Das, Chief Economist and Head of Research & REIS, India, JLL also said that the interim budget stopped short of making big bang announcements but focused on fiscal prudence keeping fiscal deficit target at 5.1%..
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