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:






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Affordable housing remains a big focus

Affordable housing remains a big focus
The government has proposed to construct 1 crore houses for the homeless by 2019.


Big push for the hosuing sector, post demonetisation.

Big push for the hosuing sector, post demonetisation.
The PM Awas Yojana allocation has
been raised to Rs 23,000 crore, from Rs 15,000 crore.


The rural push in Budget 2017 has been lauded

The rural push in Budget 2017 has been lauded
The finance minister also said, “Mission Antyodaya will bring 1 crore households out of poverty and will make 50,000 Gram Panchayats poverty-free.”
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