February 23 2016, 17.21 PM IST || Pocket News Alert
"To achieve the mission of ‘housing for all by 2022’, government need to give appropriate income tax rebate & tax sops on the purchase of the affordable home. They have to restructure the bank loans and give single window nod for realty project to avoid the approval delays. Also, in terms of promoting affordable housing the section 80 IB (10) should be reintroduced in the budget for 2016-17 fiscal years. Last but not the least, Industry status for the housing sector will help the developers to get bank loans@ less interest rate and pass on the benefits of affordable housing to end users. By keeping interest rates below the 9% and repo rates stabilized for housing sector will help buyers to show their interest to invest in realty sector that will help to boost our GDP to double figures and fulfill the mission "Housing for All 2022".
Dr. Anil Kumar Sharma, CMD, Amrapali Group
