Recent policy measures, in step with the government’s mission of Housing for All by 2022, augur well for developers and end-users alike.
Developers stand to benefit from grant of infrastructure status to affordable housing, which will promote priority lending, resulting in easier availability and lower cost of finance for them. The amendment of section 80-IBA, relaxing the condition of completion timeline of a project for tax deduction to five years from three years will encourage them to venture into large projects. The shift in eligibility criteria from “built-up area” to “carpet area” will increase unit size by about 25
Developers stand to benefit from grant of infrastructure status to affordable housing, which will promote priority lending, resulting in easier availability and lower cost of finance for them. The amendment of section 80-IBA, relaxing the condition of completion timeline of a project for tax deduction to five years from three years will encourage them to venture into large projects. The shift in eligibility criteria from “built-up area” to “carpet area” will increase unit size by about 25
