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1.The Smart Cities Challenge

Managing the high level of urbanisation has made it imperative for the government to resort to smart concepts and solutions. For India, this has resulted in the identification and planning of 100 smart cities.

2.Augmenting Affordable Housing

With ´Housing for All´ a crying need for the country, and a priority for the government, it is time for a multi-pronged strategy that involves the private sector to bridge the demand-supply gap.

3.Over 84,500 affordable houses approved

The Ministry of Housing and Urban Poverty Alleviation has approved construction of 84,460 more affordable houses for the urban poor under Pradhan Mantri Awas Yojana (Urban) in five states.

4.The Budget did not address crucial aspects like SEZ policy or provide any further tax relief for SEZ

The Union Budget 2017-18 was announced with the theme of Transform, Energise and Clean India (TEC), was largely geared towards rural growth, infrastructure, and poverty alleviation, with a huge impetus to affordable housing. The thrust on affordable housing renews the government’s vision of ‘Housing for All by 2022’, giving a cheer for the housing segment.

5.PVC pipes and fittings at subsidised rates to affordable housing schemes by Finolex Industries

Finolex Industries, one of India’s largest PVC pipes and fittings manufacturer, has announced that it will support the Prime Minister vision of ‘Housing For All.’

6.Naidu stresses on need to promote alternative construction technologies

To meet the housing demand in the country, M Venkaiah Naidu, Union Housing and Urban Poverty Alleviation (HUPA) Minister, has pitched for promoting alternative technologies in place of conventional construction methods. He has also called for speedy, safe, and sustainable construction to accomplish the government’s mission of 'Housing to All' by 2022.

7.Building Blocks

Infrastructure encompasses the whole spectrum of vital services such as roads, railways, civil aviation, shipping, power generation and transmission, telecommunications, postal facilities and urban development. Adequate infrastructure facilities are an absolute necessity for rapid achievement of sustainable economic growth.

8.Real Estate's Expectations from Union Budget 2016-17

The government recently announced that interest rates of 3 per cent would be applicable on loans of up to Rs 12 lakh and 4 per cent on loans of up to Rs 9 lakh, under the Pradhan Mantri Awas Yojana (PMAY). Now, two new income categories can avail higher loans with interest subsidies. The Budget should give more clarity on the actual definition of beneficiaries who can avail of these benefits.

9.Affordable housing given the infrastructure status will provide the segment with cheaper sources of finance including ECBs

The Budget that was being touted as a make-or-break one for the future of India, and the government made some big announcements on the infrastructure front and also on beneficial changes to the affordable housing segment.

10.Infrastructure status’ to spur investments into the affordable housing sector

The year 2017 seems like the year for the affordable housing segment, and there should be no looking back for developers and the government hereon. The ‘infrastructure status’ will certainly open up new financial avenues for developers.