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 2017-18.

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: