Budget makes housing sector happy

Budget makes housing sector happy

Mumbai - The affordable housing segment has been given the status of ‘infrastructure’ sector. It would help this sector. The housing will become affordable for commoners as planning for PM’s Awas Yojana will give it a further boost, said Paras Gundecha, a member of Maharashtra Chamber of Housing Industries.
Efforts are being made in this year’s Union Budget to attract foreign investment in the housing sector. The change in rules in this regard will boost this sector and builders will come forward to launch affordable housing schemes, said Anand Gupta, former general secretary of Builders Association of India.
The government has aimed to build 133 km long roads every day in the rural areas. It has allocated a substantial amount for the infrastructure sector. It will certainly bring Acche Din for this sector, said Ramesh Prabhu, president of Maharashtra Societies Welfare Association.
Affordable housing was promised for poor people of our country. The government had promised to fulfil the dream of common people owning a house. The government has not made it clear what would be its policy to achieve these objectives. All such attractive announcements remain on paper only. This year’s budget was also of that kind, said Prakash Reddy, senior CPI leader.

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