Mumbai: About 40 per cent of Mumbaikars live in slums and a major part of the whole population is still waiting to fulfill their dream of owning a house in Mumbai.
The affordable housing sector has been given the infrastructure status. The new measure will reduce costs for developers and attract investors. Though the government will have to clarify the difference between low cost housing and affordable housing.
The Budget announcement in which Finance Minister Arun Jaitley had assured of building 1 crore houses under Pradhan Mantri Awas Yojna (PMAY) for the homeless till 2019 has brought some good news to Mumbaikars.