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Haryana CM Manohar Lal Khattar presented state Budget

Haryana Chief Minister Manohar Lal Khattar presented the state budget for the financial year 2023-24.He proposed Rs 1,83,950 crore state budget for the year 2023-24, an increase of 11.6 per cent over the revised estimates of Rs 1,64,808 crore.

There is no proposal for imposing any fresh tax in the state budget for 2023-24, said CM Manohar Lal Khattar in the state assembly. He said feedback of MLAs and different sections of the society were taken and were incorporated in the budget.

Post budget reaction from the industry

Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd. said, “The infrastructure-related policies outlined in the Haryana Budget 2023 are both encouraging and empowering. The allocation of Rs 5,408 crores for roads, highways, and railways, along with 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 mega infrastructure projects will not only enhance connectivity but also create new opportunities for the state’s economic growth and development. The infrastructural developments will also open up new avenues, making Haryana an even more attractive destination for real estate investments”.

Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.

Navdeep Sardana, Chairman & Managing Director, Whiteland Corporation said, “Gurgaon Metro work will start in 2023 and 2024 which includes three metro links in Budget2023 of Haryana includes RezangLa Chowk to IGI Delhi, SPR to Global City Metro Link and Manesar to Panchgaon. SPR region is likely to have a positive impact on the real estate sector, driving demand and boosting the overall growth and development of the area and the state. The availability of efficient and convenient transportation options, such as a metro system, is known to be a key factor in driving the growth of the real estate market. We also appreciate the efforts of the Haryana Government as developing infrastructure is essential for the economic growth and development of a country.”

Navdeep Sardana, Chairman & Managing Director, Whiteland Corporation


Santosh Agarwal, CFO & Executive Director, Alpha Corp said, “The fourth Haryana budget presented by Chief Minister Manohar Lal Khattar announced a Metro connection from Rejangla Chowk to IGI Airport and the Southern Peripheral Road via Global City and Manesar. The proposed subway connection to Panchgaon is welcome news for Gurugram. The Gurugram city’s transportation system will be reinforced as a result of the government’s plan. The improved connectivity will not only enhance the city’s development, but will generate new chances for the state’s economic growth which will further give impetus to the real estate sector of the region.”

Santosh Agarwal, CFO & Executive Director, Alpha Corp
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