India Budget 2018
Establishment of a dedicated Affordable Housing Fund will go a long way towards meeting the Prime Minister’s vision of ‘Housing for All by 2022’, the Finance Minister mentioning about reducing hardships faced in realty deals ‘positive’, 5 percent deferential allowed from ready reckoner rate will benefit buyers in the current market scenario, but if deferential goes above 5 percent, it can get tricky. Overall, a Socialist Budget, focused on rural and agriculture – good for economy, could have been more focused on housing, one that I would rate at 7.
Dr Niranjan Hiranandani is the Founder & CMD, Hiranandani Communities. He is also President, National Real Estate Development Council (NAREDCO), which works under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India.