Step Up Public Pvt Partnership
Incentives for affordable housing is an excellent idea to boost the growth momentum going forward. It would shore up demand for cement, steel and other materials. But while we need to increase home ownership, there is also a solid case for provision of affordable public housing via the public private partnership route. The policy objective ought to be to improve the market for rental housing, with better allocation of resources. In tandem, it would make sense for real estate investment trusts to pick up stake in the public housing projects.