Big housing boost: Affordable houses get infrastructure status in Budget 2017

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.

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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:



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