Big housing boost: Affordable houses get infrastructure status in Budget 2017
Heeding to the long-time demand from the housing industry, Finance Minister
Arun Jaitley has granted infrastructure status to affordable housing
, while presenting the Budget
The new measure is bound to reduce costs for developers and attract investors, besides revving up housing supply and reducing backlog.
According to Prime Minister Narendra Modi
, the housing sector
is set to gain tremendously from the Budget.
Here's a look at the other key announcements for the Housing sector:
Affordable housing remains a big focus
Big push for the hosuing sector, post demonetisation.
The rural push in Budget 2017 has been lauded