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Wanted: Infrastructure status for affordable housing

Posted on 20 February 2013

Having failed to impress the Union Government to acknowledge it as an industry, the real estate sector is now hoping to get an “infrastructure status for affordable housing” in this Union Budget.
Increasing tax benefits on home loans and the now three-year-old hope of industry status remain the other key points. According to industry sources, the last three Budgets have left the sector “untouched” depriving it of major benefits. Developers and investors are fishing in troubled waters with a demand slowdown and project delays on account of liquidity crisis…………………………………Full Article: Source


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