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Construction & Infrastructure News

NHB allocation to refinance individual loans worth Rs 20,000 crore in new fiscal is an advantage to affordable housing

February 2017

Besides doing the much required ‘clean-up’ act, Budget 2017-18 gives major boost to the affordable housing and infrastructure sectors. The fact that ...

Jaffer Ali, PropUrban, Union Budget 2017-18, Housing for All by 2022, affordable housing, Clean-up, Budget 2017-18

The tax break of one year post receipt of the completion certificate for the unsold stock, gives a slight breather to builders

February 2017

The criteria for low-cost or affordable housing has been changed from built-up area of 30/60 sq m to carpet area of 30/60 sq m, thus making the low c...

Rashmi Deshpande, Khaitan And Co, Real estate sector, Affordable housing, Capital Gains

Re-financing is a major step that will increase availability of funds and competition will keep rates reasonable in the market

February 2017

It is a welcome Budget for the real estate sector. The government’s proposal towards reducing Capital Gain Tax to two year shall facilitate in invest...

Budget, Jitendra Mehta, Kanakia Spaces, Union Budget 2017-18, Capital Gain Tax, Affordable housing

The government should redefine affordable housing clearly keeping in view the different geographies in India

February 2017

I would term it as a reform oriented Budget, where the expenditure was well directed towards economic growth and development, especially in the rural...

Surendra Hiranandani, House of Hiranandani, Affordable housing, Housing for All by 2022

Initiatives annnounced will bring about great impetus in demand for our pipes vertical

February 2017

Budget 2017 has rightly provided the much-needed focus on farmers and affordable housing. Good initiatives like increased fund corpus with NABARD, hi...

Budget 2017, NABARD, Affordable housing, Finolex Industries

Giving infrastructure status to affordable housing will increase the lending threshold by banks

February 2017

The Budget 2017 is an extremely positive Budget, aimed at giving benefits to the masses and weeding out unaccounted cash from the system. In the real...

Budget 2017, EMGEE Group, Affordable housing

Neglected areas are increase of tax exemption in interest, ease of finance to industry and speedy approvals that would benefit the real estate sector

February 2017

Overall, the 2017 Union Budget is a good budget in general but mixed for real estate industry, which was looking for more from this budget....

Santosh Naik, Disha Direct, Union Budget 2017-18, Infrastructure, Affordable housing, FDI, Real estate sector, Budget
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