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Last Updated : Feb 02, 2017 11:06 AM IST | Source: Moneycontrol.com

Union Budget 2017-18: Government is on fast track mode, says Gagan Banga

Gagan Banga, Vice Chairman and Managing Director, Indiabulls Housing Finance is of the view that the Government is on a fast track mode - building a sustainable ecosystem for both developers and home buyers.

Gagan Banga, Vice Chairman and Managing Director, Indiabulls Housing Finance

"The Government is on a fast track mode - building a sustainable ecosystem for both developers and home buyers. With the Infrastructure status bestowed upon the affordable housing segment,  the cost of borrowing is expected to reduce for developers, thereby boosting the supply of affordable houses in the country.

Furthermore, by increasing the PMAY allocation to Rs 23,000 crore, redefining affordable housing by carpet area & the previously announced subsidies, the government has laid down its intention  to provide affordable housing the best possible boost. Also allowing property owners the benefits of capital gains after two years will also boost ownership in a country where real estate is still the most trusted investment option. This is a great budget for stakeholders across the Housing Sector."
First Published on Feb 2, 2017 09:07 am
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