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DHFL's CMD Kapil Wadhawan said the infrastructure status

Puravankara MD Ashish Puravankara said the revision of built-up area to carpet area is a great move to push for apartments in affordable housing category.

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given to affordable housing will provide a boost in volume of construction activity across the country.

Puravankara MD Ashish Puravankara said the revision of built-up area to carpet area is a great move to push for apartments in affordable housing category. "The infrastructure status to the affordable housing will boost investment in this category."

JC Sharma, Vice Chairman & MD, Sobha Ltd said the Budget measures would help in revival of the sector.

Omaxe CMD Rohtas Goel said that providing infrastructure status to affordable housing is a significant step and the move will lower the cost of funds for developers, benefits of which will ultimately be the end users.

RK Arora, Chairman, Supertech Ltd, said the budget would give much needed impetus to affordable housing in the country.

SARE Homes MD Vineet Relia said the infrastructure status to affordable housing would make it easier for developers to access low-cost funds via foreign direct investment (FDI), external commercial borrowings (ECB) and domestic banking assistance.

Wave Infratech spokesperson said the long standing demand of granting infrastructure status to affordable housing is a historic move that would enable more participation from developers and investors in this segment and help government s vision of Housing For All by 2022.

Navin M Raheja, CMD, Raheja Developers, said: "At last, government gives infra status to affordable housing, which was a long pending demand from last few years. This move will help in cheap and long term funding to accomplish the dream of housing for all."

Prashant Solomon, MD, Chintels India, said the real estate sector will benefit from the Budget and hope it is the beginning of the end of isolation of the real estate industry.

Abhishek Bansal, Executive Director, Pacific Mall, said the government s initiatives towards digital payments will benefit retail growth in the long term.

"With the lending interest rates lowered and purchasing power increased, we will witness a steep rise in affordable housing demand across the country, which will now be well met with the upcoming supply," Signature Global Chairman Pradeep Aggarwal said.

House of Hiranandani CMD Surendra Hiranandani hailed the move to grant infrastructure status for affordable housing as it will act as an catalyst to the government's vision of 'Housing for All by 2022'.

"This will lead to higher participation by private players in this segment as they can have access to institutional funding and other government subsidies," he added. MORE

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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