Budget Reactions: Increase of fund flow will ease realty

Allowing of borrowing from overseas institutions for affordable housing projects is a welcome step.

March 16, 2012 / 19:06 IST

By Anuj Kumar Choudhary, Director, Panchsheel Buildtech

Allowing of borrowing from overseas institutions for affordable housing projects is a welcome step.

It will increase the fund flow which will help ease out the real estate sector and there can be increase in the affordable housing projects. The extension of the 1% interest subvention scheme for affordable housing will definitely help buyers and it will come as big relief for them.

But our long pending demand to give industry status to real estate sector once again has been not addressed.

first published: Mar 16, 2012 06:01 pm

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