 "Housing society certificate will suffice for tax break")
The infrastructure status granted to affordable housing in the Union Budget projects is expected to help the developers of these projects access more funds at lower costs and increase supply of budget housing.
"Developers of affordable housing can access the external commercial borrowing. EPFO funds can come into this segment and insurance companies can invest in these projects since they are classified as infrastructure,” said HDFC chairman Deepak Parekh to a television channel.
Joe Varghese, managing director at Colliers International, said: "Granting infrastructure status to affordable housing will provide a boost in volume of construction activity across the
"Developers of affordable housing can access the external commercial borrowing. EPFO funds can come into this segment and insurance companies can invest in these projects since they are classified as infrastructure,” said HDFC chairman Deepak Parekh to a television channel.
Joe Varghese, managing director at Colliers International, said: "Granting infrastructure status to affordable housing will provide a boost in volume of construction activity across the
