Budget 2024: Real estate sector bats for revival of affordable housing

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Some executives also said that the definition of affordable homes must be changed.“We are also seeking a redefinition of affordable housing.

We urge the government to introduce special schemes and subsidies tailored for affordable housing in metropolitan regions,” he said.

He said that this segment must be revived with “high-impact” measures like tax breaks for developers so that they can focus more on affordable housing, and for buyers, to improve affordability.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Real Estate Housing Affordable housing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 17:29:32 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 643 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21409713

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