Housing Sector to get infrastructure status in coming Budget

By Accommodation Times News Service

A long debate and discussion is on fire that housing sector needs to get the status of infrastructure aiming to provide affordable housing for all the including economically weaker section govt. is actively considering. The matter is being taken up with the Finance Ministry and RBI and a favorable decision is likely to be announced. Also the ministry is trying to provide income tax and service tax benefit to the sector. The status of infrastructure status will boost the housing sector by providing easy access to funds and consequently increasing the availability of houses. It is a long pending demand of HUPA ministry too. Once the Bill is passed it will pave way for the setting up of Real estate Regulatory Authority that will keep an eye. HUPA minister Ajay Maken said, there are certain changes in he draft of the bill and soon it will be approved before introducing.  The aim is to bring transparency and accountability.





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