The real estate sector hopes that the new government in Maharashtra will focus on policies that will foster growth and investment in the state such as faster clearances for projects, an impetus to affordable housing, priority to slum rehabilitation and redevelopment projects and work towards a reduced stamp duty structure. “We look forward to a stable and development-focused governance that prioritizes infrastructure growth, streamlined approvals, and industry-friendly policies. The government has an opportunity to maintain the continuity and sustain the momentum in the real estate sector while addressing ease of doing business, housing affordability, and sustainable urban development,” said Domnic Romell, President, CREDAI-MCHI.
Fast-tracking infrastructure projects, including metro rail networks, expressways, and ports, is essential to boost connectivity and drive economic momentum, said realtors. Also Read: Maharashtra Election Results 2024: 5 things Mumbai homebuyers look forward to from the new government “Equally important is the planned and sustainable development of new cities in the Atal Setu region, fostering equitable economic opportunities across the state. Mumbai, as the economic powerhouse, must be incentivized to attract global investments in IT, BFSI, manufacturing, industrial, and warehousing sectors, strengthening its position as a global hub for commerce and innovation, " said Niranjan Hiranandani, chairman, NAREDCO.
Faster clearances for real estate .