NEW DELHI (INDIA): Find My Property Director Pawan Jasuja said that affordable housing being given Infrastructure status is a welcome move and will help for Housing to all by 2022. Special funds under Pradhanmatri Awas and NHB will bring huge opportunity for a large no of home buyers.
“Government of India focus for developing road infrastructure, manufacturing and affordable housing will not only help to decongest urban area but also help to development of new industrial cities around our industrial transport corridors. Affordable housing area criteria based on carpet area instead of build-up area will give benefit to more buyers,” he said.
“Real estate developers to get tax relief on unsold stock as liability to pay capital gains will arise only in the year a project is completed,” said Jasuja.
The Union Minister for Finance and Corporate Affairs, Arun Jaitley presented the General Budget 2017-18 in Parliament here today. This is the first of its kind which included the Railway Budget. This year’s Union Budget also does not have Plan and Non-plan classifications and has been advanced by a month to the beginning of February.