Infrastructure status for affordable housing was a long-standing requirement of the sector. This move should boost the volume of construction activity across the country, which has been struggling with reduction in the number of projects being launched over the last few quarters.
Category: ECONOMY & POLICY
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Affordable housing is now lucrative for real estate majors
The announcement of infra status for the affordable housing segment in the Budget will open up new avenues for developers planning to offer budget housing units and will make it easy and comfortable for them to get finance from lending agencies.
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We foresee more investments by FIIs, foreign investors and NRIs
The government has expressed the vision of 'Housing for all' by 2022, so in that sense the budget showcases a long-term vision. We are hoping that the government should articulate action plans that would follow their expressed intent. It was vastly anticipated that the budget would arrive at correcting the market drawbacks as a whole.
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It’s feasible now for infra majors to get into affordable housing
The 'Infrastructure' status to the affordable housing segment seems adequate to spur investments by the private sector with favourable outcomes as it opens up a plethora of avenues for the benefit of affordable housing.
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Infra status won’t drop prices, but will increase housing supply
With infrastructure, we expect the affordable housing segment to develop a new degree of velocity because the cost of capital is going to reduce and lenders are going to be motivated to invest money in this sector. Likewise, the tax status for development is beneficial with the infrastructure status.
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Infrastructure tag will create liquidity in the sector
The affordable housing sector is looking and feeling upbeat! The sector has been finally granted infrastructure status, in addition to interest rate subsidies through the PMAY scheme, the income-tax breaks have been extended effectively till 2024 and finally the government has moved the idea of providing regulatory and construction approvals within 60 days.
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Center to push urban growth corridors
To effectively address the emerging urbanisation challenges, the Ministry of Urban Development has come out with a multi-pronged policy framework to promote living close to mass urban transit corridors.
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Ministry of Urban Development to push dense urban growth along mass transit corridors
To effectively address the emerging urbanisation challenges, the Ministry of Urban Development has come out with a multi-pronged policy framework to promote living close to mass urban transit corridors. This new initiatives seeks to promote ‘Transit Oriented Development (TOD)’ which enables people to live within walking or cycling distance from transit corridors like the Metros, monorail and Bus Rapid Transit (BRT) corridors, currently being taken up on a large scale.
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Demonetisation pulls stakeholder’s sentiments for Q4 to a new low
Knight Frank, a leading independent global property consultancy, has released its Sentiment Index
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Experts brainstorm to boost steel demand in Indi
Building entire villages made of prefabricated steel, large steel silos to store food grains across the country and increase in steel components in highways, flyovers, bridges, automobiles and aviation can stimulate domestic demand for the metal, according to experts from the steel industry.