In an exclusive interview, Nadir Patel, High Commissioner, Government of Canada, expressed his views on how experienced Indian companies can pitch in and formulate joint ventures with Canadian companies to take advantage of Canada's billion dollar infrastructure programme.
Tag: affordable housing
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We are in India for the long haul
On the global front, Covestro has made breakthroughs with initiatives such as Solar Impulse and CO2 plant. According to Ajay Durrani, MD, Covestro India, Covestro has identified focus areas in India pertaining to issues that are highly relevant in the local context.
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India is on the cusp of large-scale urbanisation
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.
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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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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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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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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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Afordable housing has big-ticket opportunities
Low-cost housing is a volume business. Private companies would be interested in this business only when there is scale. The intention of the government to give this sector infra status is to offer access to low-cost funding for the sector.
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Jayashree Kurup, Head of Content and Advisory, Magicbricks.com
Affordable housing being given infrastructure status is a welcome move and will help in the ´Housing for all´ by 2022 Mission - it is a big and positive move for developers, banks and housing finance companies.
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SBI to raise Rs.5,000 cr in FY17 for infra, affordable housing
The country´s largest lender SBI will raise Rs.5,000 crore to fund infrastructure and affordable housing during the fiscal by issuing long-term infra bonds. The bank has been accorded approval from the Executive Committee of its Central Board. ´