Budget 2019: Sitharaman's sops to push affordable housing, housing sales

Experts added that the interest exemption upto Rs 3.5 lakh for affordable housing would help boost residential sales

The Finance Minister's budget proposals, such as a model tenancy code, making government land available for affordable housing, interest exemption on affordable housing could give a big push to affordable housing and help developers who are hit by credit crunch.

"Lack of land availability and rental housing policy have been big bottlenecks for affordable housing. Both (freeing up land and establishing model tenancy code) will help push affordable housing," said Ramesh Nair, chief executive at JLL, a property consultant.

Nair said that government could come out with tax incentives for developers doing rental housing.

"The new model tenancy, which is likely to be