Budget 2018-19: Setting up of a dedicated fund for affordable housing..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Thursday, February 01, 2018

Budget 2018-19: Setting up of a dedicated fund for affordable housing..!


Budget 2018-19: Setting up of a dedicated fund for affordable housing..!

by Mr. Narasimha Jayakumar, Chief Business Officer, 99Acres

“The real estate industry welcomes the initiative of setting up of a dedicated fund for affordable housing.
This will help create more affordable supply as well as drive demand from genuine end-users.

A major push on highway development and inner-city rail networks (Mumbai, Bangalore ) will give the necessary impetus to real estate development. 

Further push to UDAAN (56 new airports), development of 600 + new railway stations will mean better connectivity to smaller towns spurring real estate development beyond metros.

The industry is, however, disappointed with no changes in income tax slabs or / GST slabs, translating to no extra benefit to new home buyers especially in metro markets. Another miss is also the lack of provision of full industry status to real estate crimping flow of affordable funds”.

Budget 2018-19: Setting up of a dedicated fund for affordable housing..! Reviewed by S. Chitra on February 01, 2018 Rating: 5 Budget 2018-19: Setting up of a dedicated fund for affordable housing..! by Mr. Narasimha Jayakumar , Chief Business Officer, 99Acres ...

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