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The Haryana government presented a Rs 1.83 lakh crore budget for the financial year 2023-2024, with Rs 5,893 crore kept for urban development and the housing sector.
In his Budget speech, Chief Minister Manohar Lal Khattar also stated the establishment of two data centre parks in the state, one in Gurugram and one in Ambala district.
In addition to the benefits of the Pradhan Mantri Awas Yojana, he specified that the state government will build 1 lakh houses in 2023-2024.
The CM, who also holds the finance ministry, proposed a scheme to settle renewal fee arrears in the Town and Country Planning department (DTCP) when presenting the budget proposals for Financial Year 2023-2024.
In the budget, the CM proposed allocating Rs 5893 crore for urban development and housing, an increase of 11.1 percent over revised estimates for the current year.
CM Khattar stated that three more metro links will be built in 2023-2024, including one from Rejangla Chowk to Delhi’s Indira Gandhi International Airport and another from Southern Peripheral Road to Global City and Panchgaon via Manesar.
According to him, the Bahadurgarh Metro will be extended up to Asaudha to connect with the Haryana Orbital Rail Network and the Kundli-Manesar-Palwal (KMP) Expressway.
The government has also set aside an amount of Rs 5408 crore for the construction of roads, highways, and railways in the state.
The allocation of Rs 5408 crore for roads, highways, and railways, as well as the proposed construction of the Gurugram metro and three other metro links in the region, is a game changer for Haryana’s real estate sector.
These massive infrastructure projects will not only improve connectivity but will also open up new avenues for the state’s economic growth and development. The infrastructure developments will also open up new avenues for real estate investments, making the state an even more appealing destination.
Source-Moneycontrol
