Yes, we believe that with the affordable housing sector being accorded infrastructure status, coupled with the area limit being increased, developers will now have greater access to low-cost funding for longer tenures, and hence will be inclined to get into this segment.
Tag: infrastructure
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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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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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Housing not ‘Infra Dig’ any more
Industry sectors like housing, cement, et al have been clamouring to be allowed into the hallowed precincts of infrastructure for quite some time. Apart from the recognition of contributing to nation building, to be admitted as a member of the so called "Infrastructure Club" also offers the lure of easier financing norms.
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What GST holds
All states will implement GST by July 2017. The Constitution Amendment Bill for Goods and Services Tax has been approved by the President of India post its approval in Parliament (Rajya Sabha on 3 August 2016 and Lok Sabha on 8 August 2016) and ratification by more than 50 per cent of state legislatures.
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India Ratings stays negative on infra
India Ratings and Research agency has maintained a negative outlook on the infrastructure sector for FY-18, with varied outlooks on individual sectors.
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India Ratings maintains negative outlook on infra sector
India Ratings and Research agency has maintained a negative outlook on the infrastructure sector for FY-18, with varied outlooks on individual sectors.