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Union Budget 2017 aims to boost affordable housing plan

Union Budget 2017 aims to boost affordable housing plan

Thursday, February 2, 2017, 3:18 PM

Union budget on Wednesday proposed to assign infrastructure status to affordable housing projects and facilitate higher investments in the sector. Finance minister Arun Jaitley proposed various measures and improvements to make affordable housing more wide-reaching and providing developers better credit facilities. The allocation under the Pradhan Mantri Aawas Yojana-Gramin was also increased to Rs 23,000 crore from last year’s Rs 15,000 crore.
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