Infrastructure status to the affordable housing segment indicates that this sector will play an important role in reviving economic growth in the country. This will help developers to obtain cheaper loans from the banks which will significantly boost the government?s target of Housing for All by 2022. Union Budget offers a bucket of measures to revive the economic growth and emphasise on rural sector growth and higher infrastructure spending. Government allocation of Rs 3.96 lakh crore for infrastructure growth will accelerate growth and boost the overall economy of the country.
Suresh Krishn, President, CREDAI Chennai