Infra status to boost low cost housing

Infra status to boost low cost housing

Union Finance Minister Arun Jaitley, in the Budget 2017-18, has proposed to grant ‘ affordable housing ‘ the coveted infrastructure status to facilitate higher investment in the sector and, in turn, achieve the government’s ambitious goal of ‘Housing for All’.

The grant of infrastructure status would mean builders will be eligible for many government tax and subsidy incentives, and institutional funding at affordable rates for low cost homes.

The move has evoked mixed response from the sector. Tushad Dubash, Director, Duville Estates, said, “With the infrastructure status, the sector can look at funding through insurance companies, which is a huge alternate sector and opens up a new avenue for real estate funding.” Read More…

Credit By: The Hindu

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