India Today - - UPFRONT -

Fi­nance min­is­ter Arun Jait­ley an­nounced in the bud­get that af­ford­able hous­ing would be granted in­fra­struc­ture sta­tus, mean­ing greater ac­cess to in­sti­tu­tional fund­ing at lower rates of in­ter­est and, there­fore, lower con­struc­tion costs. It is meant to be a fil­lip for the prime min­is­ter’s Awas Yo­jana scheme, an­nounced in July 2015, to pro­vide hous­ing for all by 2022. The bud­get pro­vided tax breaks and in­creased fund­ing and re­de­fined the size of an ‘af­ford­able’ house to bring more prop­er­ties into the scheme’s am­bit. Still, get­ting any­where near the tar­get will be an ex­tra­or­di­nary feat.

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