Tax reforms will make housing cheaper: HDFC's Deepak Parekh

Parekh said this has been one of the main promises made by Prime Minister Narendra Modi

A large number of big corporates and reputed developers are entering the affordable housing segment, attracted by huge tax benefits and reforms initiated by the government, eminent banker Deepak Parekh has said. He also expressed hope that real estate prices would decline more once RBI allows banks and housing finance firms to lend to developers for land purchases and approval processes for projects are further streamlined and shortened.

Lauding the NDA government for coordinated efforts of the Prime Minister's Office with various ministries and departments on the 'Housing for All by 2022' mission, Parekh said this has been one of