The coronavirus pandemic and the resulting world’s largest lockdown last year by India have also led to infrastructure companies looking at cutting-edge technologies like 3D printing to enhance efficiencies and drive down input costs. In an exclusive interaction, MV Satish, Whole Time Director & Senior Executive Vice President Buildings, L&T Construction told INFRASTRUCTURE TODAY that the technology...
Tag: Housing for All
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The Big Infra Opportunity
Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).
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Smart Cities: Financing Challenges
In the next five years, special purpose vehicles (SPVs) will be spending around Rs.1,631 billion on projects conceived under area-based development and Rs.388 billion on pan-city development.
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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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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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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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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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Ashwin Vasista, Associate, Singhania and Co
The introduction of the Goods and Services Tax (GST) is in itself a path-breaking fiscal reform. Corporate tax and other indirect taxes may be revamped keeping in view GST requirement.
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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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