Cost of capital on affordable housing will come down and affordable housing will have access to long term funding
ECONOMY & POLICY

Cost of capital on affordable housing will come down and affordable housing will have access to long term funding

- Dharmesh Jain, Chairman & Managing Director, Nirmal Lifestyle, and President, CREDAI-MCHI

Dharmesh Jain, Chairman & Managing Director, Nirmal Lifestyle, and President, CREDAI-MCHI, on the Union Budget 2017-18


Budget 2017 is a very good growth oriented budget. Infra status for affordable housing is an excellent move and is welcomed by all the developers. Increasing the limit of affordable housing to 30 and 60 m carpet in non-metro area is great and developers would request the Chief Minister to extend it further to metro areas as well. Smaller companies and also the corporate tax benefits is again going to benefit large number of companies across the country. Overall, great efforts have been put into infrastructure, which will boost economic activity. Budget will favour the economy in the upcoming months of this year. Cost of capital on affordable housing will come down and affordable housing will have access to long term funding which  is critical in the current situation and benefit the customers.








- Dharmesh Jain, Chairman & Managing Director, Nirmal Lifestyle, and President, CREDAI-MCHI Dharmesh Jain, Chairman & Managing Director, Nirmal Lifestyle, and President, CREDAI-MCHI, on the Union Budget 2017-18 Budget 2017 is a very good growth oriented budget. Infra status for affordable housing is an excellent move and is welcomed by all the developers. Increasing the limit of affordable housing to 30 and 60 m carpet in non-metro area is great and developers would request the Chief Minister to extend it further to metro areas as well. Smaller companies and also the corporate tax benefits is again going to benefit large number of companies across the country. Overall, great efforts have been put into infrastructure, which will boost economic activity. Budget will favour the economy in the upcoming months of this year. Cost of capital on affordable housing will come down and affordable housing will have access to long term funding which  is critical in the current situation and benefit the customers.

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