The allocation of 48,000 crore towards completion of 80 lakh houses under Prime Minister Awas Yojana (PMAY) in rural and urban areas during 2022-23 will help out small scale developers and financiers. The central government will work with state governments to reduce time required for all land and construction-related approvals for promoting affordable housing for the middle class and economically weaker sections in urban areas
The modernization current SEZ protocols will definitely benefit businesses that are involved with export, manufacturing and service sectors and will also have a positive impact on SEZ developers
The introduction of digital Rupee by RBI on a blockchain platform may bring in transparency to Real Estate transactions over a period of time, along with recognition of Virtual Assets, again it may pave the way for tokenization of Real Estate assets in the country.
The modernization and implementation of building byelaws, Town Planning Schemes (TPS), and Transit Oriented Development (TOD) will help in better Planning for urban development. The digitization of Unique Land Parcel Identification Number for digital management of land records and registration of deeds and documents will bring ease and transparency to property transactions.
