Union Budget 2024 | Lower stamp duties will lead to rise in female homeowners, says Arpit Mehrotra of Colliers India

'Lower stamp duties make purchasing property more affordable for women, potentially leading to a rise in the number of female homeowners,' Arpit Mehrotra said.

Arpit Mehrotra

Credit: Colliers India

Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024, highlighting the Modi govt 3.0’s priorities across multiple sectors.

The Budget identified the following areas as priorities: productivity and resilience in agriculture, employment & skilling, inclusive human resource development and social justice, manufacturing & services, urban development, energy security, and infrastructure.

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Here’s how industry stakeholders reacted:

Arpit Mehrotra, Managing Director Office Services, of Colliers India, Bengaluru said, "Lower stamp duties make purchasing property more affordable for women, potentially leading to a rise in the number of female homeowners."

"The reduction in costs associated with buying property can stimulate more real estate transactions, as women and families take advantage of the savings," he said.

(With Reuters Inputs)

Union Budget 2024 LIVE | Making a record for any Finance Minister, Nirmala Sitharaman presented her 7th consecutive Union Budget on July 23, 2024 under the Modi 3.0 government. This Budget brought tax relief for the middle class, while focusing on jobs through skilling, incentivising employers. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.