With the budget according infrastructure status to affordable housing, realtors with a strong financial standing and pan-India presence will benefit.
The real-estate sector is one of the biggest beneficiaries of the budget this year. The government's housing-for-all scheme was the key driver behind the big push the sector has been receiving in recent times. Here are two key announcements.
PROPOSAL
The budget accorded infrastructure status to affordable housing.
IMPACT
Affordable-housing developers will now be able to access funds from infrastructure financiers at lower costs and for longer tenures, avail flexible structuring of these loans and float infrastructure bonds. This move brings capital back to a cash-starved industry where many projects are languishing because of capital requirements.
PROPOSAL
This story is from the March 2017 edition of Wealth Insight.
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This story is from the March 2017 edition of Wealth Insight.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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