Budget 2018: Govt may use loss-making firms' land for 'housing for all'

In order to give momentum to affordable housing projects, the Modi government has identified land available with six loss-making central public sector enterprises, which it plans to use to build 'houses for all' under the Pradhan Mantri Away Yojana (Urban). The six companies, including IDPL, HMT, Hindustan Antibiotics and Tungabhadra Steel Products, have about 3,000 acres. According to a senior government official, some of the projects would be completed before 2022.

Under PMAY (U), people can avail benefits under various components to buy a house in urban areas.

"We have put all such proposals on a fast track. The land