The Indian Finance Minister’s Budget Proposals had three major announcements:
- Enhanced focus on affordable housing,
- Increased focus on infrastructure growth and
- Income tax benefits in some income slabs. All three will create a positive scenario for affordable and low cost housing
The Indian Government’s moves to increase the growth in affordable and low cost housing — which is also an objective which the Prime Minister Shri Narendra Modi has been talking about – will result in employment growth and will augur well for the economy
The demand for affordable and low cost housing exists in the marketplace, but to be able to meet the demand, there was a need for some policy changes and budgetary proposals – which the Hon’ble Finance Minsiter Shri Arun Jaitley has proposed in his speech earlier today.