New Delhi, May 16, 2020: Rs 70,000 crore boost to the housing sector and middle-income groups through the extension of CLSS is a critically important move which eliminates the uncertainty which surrounded the timelines for setting up the of constructing 50 million new housing units by 2022 through the PMAY, of which 30 million units are likely to be constructed in rural areas, and the rest in urban areas. The decision is another big step to lift sectors like steel, housing material, and construction sector that contributes to increased activity on the supply side. This initiative is expected to benefit the middle-income group in the form of new job creation and result in enhanced economic activity that would contribute to improvement in the demand side.
Corporate Comm India (CCI Newswire)
