1.NHB and AFD expand funding to green and affordable housing projects

Housing finance companies, banks and home buyers will have access to competitive funding opportunities to finance green and affordable housing projects.

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2.Will affordable housing revive residential investments?

Equity investments down to 3 per cent in 2018 from 27 per cent

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3.Truck mounted boom pumps, stationary concrete pumps has shown good growth

The market for concrete equipment has been growing over the last few years, and given the focus on boosting India’s infrastructure...

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4.Design-build is best suited for the affordable housing programme

Given land prices and other constraints in the urban areas and metropolitan cities of India

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5.Budget 2019-20: Infrastructure total capital outlay to be Rs 4.7 trillion

Railways and roads sectors to be the biggest beneficiaries for fiscal 2020

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6.The major benefit with GST is with regards to increased input credit on procurement of materials, say Manju Yagnik, VC, Nahar Group

The implementation of GST has helped in mitigating the surging effect of taxes with construction services specifically being categorised as ‘supply of service’. It has also resolved long standing issues of valuation and nature of supply.

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7.Affordable housing gets a fillip

To provide further impetus to the government’s ambitious ‘Housing for All 2022’ mission, the Ministry of Housing and Urban Poverty Alleviation (MHUPA) has announced a public-private partnership (PPP) policy, segregated into eight models, to promote private investment in affordable housing.

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8.Infrastructure status to affordable housing projects will truly only see a big impact if these lower cost funds are actually made available for land acquisition

On the whole, the Budget has a number of positive aspects. Given all the allegations about populist Budget in light of the upcoming state elections, the government has shown tremendous focus and has proved the naysayers wrong by not providing a bunch of sops for the upcoming elections. The move to reduce the maximum gap on cash donations to political parties by 90 per cent to Rs 2,000 is also a welcome move.

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9.Gujarat floats Rs 700 crore slum redevelopment fund

The Gujarat Government has floated a Slum Redevelopment Premium Fund (SRPF) with an initial corpus of Rs 700 crore. This fund from the Central and state government's grants will be exclusively for funding affordable housing projects across the state.

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10.Affordable housing / Signature Global to invest Rs 950 crore in five projects

Giving a push to the Haryana Government's affordable housing policy, Signature Global, one of the key stakeholder of financial investment firm SMC Group, will invest Rs 950 crore in to develop 5,000 low-cost homes in Gurgaon. The company has completed allotment of 5,005 housing units in five projects through draw of lots of applicants.

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