Budget could have focused more on housing: Niranjan Hiranandani, Hiranandani Communities

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India Budget 2018

Hiranandani Group
Dr. Niranjan Hiranandani

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.