Sarojini Ahuja
NEW DELHI: This year’s Union Budget was focused largely towards the fulfillment of government’s dream of ‘Housing for All 2022’ and allocation of fund for affordable housing was a boost yet lacks clarity, said Sarojini Ahuja, VP Sales & Marketing, Transcon Developers.
“However, we were expecting a revision in GST rates so as to pass on the additional benefit to the home buyers, which was missing in this budget,” added Sarojini.
India’s Finance and Corporate Affairs Minister Arun Jaitely said in his Budget speech that the government will “establish a dedicated Affordable Housing Fund (AHF) in National Housing Bank, funded from priority sector lending shortfall and fully serviced bonds authorised by the Government of India.”