Construction & Real Estate Budget 2024: PM Gramin Yojana aims for 2,00,00,000 homes in next 5 years!

Construction & Real Estate Budget 2024: PM Gramin Yojana aims for 2,00,00,000 homes in next 5 years!

Kiran Shroff
/ Categories: Trending, Mindshare, Budget 2024

The NSE Mid-Cap Index was down by 0.56 per cent while NSE Small-Cap Index was up by 0.63 per cent.

The stock market ended the day in red with BSE Sensex Index down by 0.15 per cent and NSE Nifty-50 Index down by 0.13 per cent. The Nifty Realty Index is down by 0.94 per cent being one of the top losing sectors. The NSE Mid-Cap Index was down by 0.56 per cent while NSE Small-Cap Index was up by 0.63 per cent.

The Interim Budget 2024, as expected, refrained from major announcements but emphasized infrastructure enhancements and nationwide connectivity, promising significant benefits for real estate growth not only in major cities but also in tier 2 and 3 cities. The Finance Minister Nirmala Sitharaman unveiled initiatives, directly and indirectly, benefiting the sector, including the continuation of the PM Awas Yojana (Gramin), which has already achieved its target of nearly 3 crore houses and now aims for 2 crore more in the next five years.

Additionally, a scheme targeting the middle class will aid in homeownership, potentially freeing up encroachment areas like slums for redevelopment. The allocation of an increased capex outlay by 11.1 per cent to Rs 11,11,111 crore, amounting to 3.4 per cent of GDP, is expected to unlock real estate development opportunities through infrastructure upgrades and new projects. Transit-oriented development in urban areas and the development of iconic tourist centres are anticipated to stimulate housing demand and benefit the hospitality sector respectively. Furthermore, the extension of tax benefits to startups may rejuvenate the office real estate market.

India's real estate and construction sectors are intertwined giants, driving economic activity and shaping the lives of millions. With a booming population urbanizing rapidly, the demand for housing, office space, and infrastructure is skyrocketing. This sector employs millions, attracts NRI investment, and is poised for a USD 1.4 trillion boom by 2025. Government initiatives like Smart Cities and affordable housing schemes are fuelling growth, while innovative construction technologies promise a sustainable future. From megacities to rural areas, real estate and construction are laying the foundation for India's prosperous future.

Following is the list of stocks from the Construction & Real Estate Sector that gave multibagger returns of upto 921 per cent from Budget 2023 to Budget 2024:

Company Name

1 Year Returns (%)

Kesar India Ltd

921

Unitech Ltd

907

Yuranus Infrastructure Ltd

847

Peninsula Land Ltd

428

Ansal Housing Ltd

364

TARC Ltd

289

Hubtown Ltd

268

NBCC (India) Ltd

253

Narendra Properties Ltd

241

Suratwwala Business Group Ltd

238

DB Realty Ltd

237

R.P.P. Infra Projects Ltd

232

BSEL Algo Ltd

214

Hazoor Multi Projects Ltd

207

Prestige Estates Projects Ltd

202

Puravankara Ltd

190

Anant Raj Ltd

186

RDB Realty & Infrastructure Ltd

179

Ravinder Heights Ltd

172

HB Estate Developers Ltd

156

Shri Krishna Devcon Ltd

150

Unishire Urban Infra Ltd

149

Prime Property Development Corporation Ltd

146

Welspun Enterprises Ltd

144

Sobha Ltd

142

PVP Ventures Ltd

129

Parsvnath Developers Ltd

129

B.L. Kashyap and Sons Ltd

128

DLF Ltd

125

Dhanuka Realty Ltd

124

Brigade Enterprises Ltd

123

SAB Industries Ltd

122

Hemisphere Properties India Ltd

120

Ashiana Housing Ltd

118

AGI Infra Ltd

115

Vivid Mercantile Ltd

114

Ganesh Housing Corporation Ltd

110

Macrotech Developers Ltd

109

Ajmera Realty & Infra India Ltd

108

Texmaco Infrastructure & Holdings Ltd

103

Godrej Properties Ltd

101

SV Global Mill Ltd

101

Veer Global Infraconstruction Ltd

101

Arihant Foundations & Housing Ltd

100

Lancor Holdings Ltd

100

Disclaimer: The article is for informational purposes only and not investment advice. 

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