New Delhi, February 01, 2017: Mr. Parveen Jain President NAREDCO said “The Union Budget 2017-18 has now set in motion a series of structured reforms process for the housing sector in the country. The announcements made in the Finance Bill focuses on the upliftment of the urban poor and the under privileged within our cities and rural areas”.
Assigning the infrastructure status to affordable housing gives the segment the necessary push for further growth. The aim to build 1 crore housing in rural areas by 2019 for the homeless aligns with the government’s agenda to bring 2 crore housing by 2022 under its Pradhan Mantri Awas Yojna (PMAY). Affordable housing being included under infrastructure will now be able to receive liquidity support from a variety of funds such as pension funds and insurance firms, which are mandated to contribute significantly to affordable housing”.he added
Corporate Comm India(CCI Newswire)