Utkal Isquare

  The Union Budget 2024 has delivered a significant boost to the real estate sector, bringing with it two major announcements that promise to reshape the landscape of affordable housing and investment: the introduction of PMAY 2.0 and the reduction in Long-Term Capital Gains (LTCG) tax. At Utkal I Square, we view these developments as transformative steps that align with our vision of creating value-driven, sustainable, and inclusive urban spaces. PMAY 2.0: A New Chapter in Affordable Housing The Pradhan Mantri Awas Yojana (PMAY) has already made a profound impact on India’s housing sector, enabling millions to achieve the dream of homeownership. The unveiling of PMAY 2.0 in the Budget 2024 marks an exciting new chapter, with enhanced provisions aimed at expanding the reach and efficacy of the scheme. This revamped version focuses on urban infrastructure, green buildings, and increased budgetary allocation, ensuring that more individuals and families can access affordable and...