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Construction & Infrastructure News

With the new status, developers stand to receive tax benefits, subsidies and gain access to institutional funding and land specially released for affordable housing in prime locations

February 2017

The Union Budget 2017-18 has struck the right chord keeping the long-term objectives in mind, and we believe that it will bring positive improvements...

Union Budget 2017-18, The Wadhwa Group, Union Budget 2017-18, 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

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 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

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

Industry status being given to affordable housing will help in increasing liquidity

February 2017

One of the best thing to happen to real estate sector is the industry status being given to affordable housing. This will help in increasing liquidit...

Deepak Kapoor, CREDAI Western UP, Union Budget 2017-18, Affordable housing
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