Budget 2018 misses imp amendments in Real Estate Sector: Realty Players

real-estateBy Accommodation Times Bureau


The Union Minister for Finance and Corporate Affairs, Arun Jaitley, announced Rs.14.34 lakh crore to be spent in 2018-19 for the creation of livelihood and infrastructure in rural areas which is the highest amount to be invested in 2018-19.

“As my proposals outlined indicate, the focus of the Government next year will be on providing maximum livelihood opportunities in the rural areas by spending more on livelihood, agriculture and allied activities and construction of rural infrastructure”, the Minister said.

The government will also establish a dedicated Affordable Housing Fund (AHF) in National Housing Bank, funded from priority sector lending shortfall and fully serviced bonds authorized by the Government of India, the release stated.

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