Budget 2017: Infrastructure status to affordable housing to boost real estate markets


Budget 2017 has proposed infrastructure status for affordable housing, a long-standing demand of developers, and also increased the allocation for the Prime Minister Awas Yojana from Rs 15,000 crore to Rs 23,000 crore

The housing sector is likely to get relief from the pain of demonetisation with the ‘affordability’ steroid. Budget 2017 has proposed infrastructure status for affordable housing, a long-standing demand of developers, and also increased the allocation for the Prime Minister Awas Yojana from Rs 15,000 crore to Rs 23,000 crore, bringing the country closer to realising the Housing for All mission by 2022. However, no specific incentives were announced for first-time buyers.

One crore houses are to be built by 2019 in rural India for the homeless and those living in ‘kaccha’ houses..................Read more

 

Source: Hindustan Times


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