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Union budget 2018 19 affordable housing gets a big push

Resolved to proffer homes to every poor under the pet venture, Housing for all, by 2022, the Finance Minister declared different activities for moderate lodging fragment. The setup of the committed moderate lodging. Click here for the details… http://www.favista.com/blog/2018/02/17/union-budget-2018-19-affordable-housing-gets-big-push/

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Union budget 2018 19 affordable housing gets a big push

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  1. O^^€ Q Menu ▼ Union Budget 2018-19: Affordable housing gets a big push ©February 17, 2018 & Real Estate # affordable homes in gurgaon, Affordable homes in india, Affordable housing gets a big push, current real estate markettrends, property website blogs, real estate blogs, real estate property blogs, Union Budget 2018-19,Union Budget 2018-19 in real estatem Favista Admin ifc Like 0 Committed to proffer homes to each poor under the pet project, Housing for all, by 2022, the Finance Minister announced various initiatives for affordable housing segment. The setup of the dedicated affordable housing funds under National Housing Bank arose as a key highlight for real estate sector. The fund will make sure that the construction of 37 lakh homes in the urban areas as well as 51 lakh homes for rural poor in 2018-19. Also, the government will establish dedicated affordable housing fund in national housing bank funded from priority sector lending to shortfall as well as fully-serviced bond authorized by the government of India. The move has been welcomed by one and all in the real estate sector as it will serve the huge objective of boosting the supply of augmenting affordable housing and rural housing in urban areas. Previously, close to 1.2 Cr homes were planned-well under the PMAY Gramin, 51 lakh have been constructed in 2017-18 and somewhat 51 lakh homes will be developed in 2018-19. The affirmation of budget to affordable housing is certainly a positive step. The affordable housing fund will act as the stimulus for the realty industry, driving demand for the affordable segment, the industry looks forward to working with government towards the housing for all in the proposition that is a win-win for all the personal stakeholders as a whole. Considering acute demand of the affordable housing units across the country, the government has reduced the rate of tax under GST to effective 8% from earlier this month for the effective 12% on homes purchased as well as the constructed under credit linked subsidy scheme for the economically weaker section, mid-income, and lower group. The credit linked subsidy scheme together with the GST advantage will fulfill the

  2. dreams of masses that aspire to own a house and will provide a massive boost to the residential sector. While the government announcements, however, have been the buyer-centric, the budget failed to surprise the developer fraternity. No subsidies have actually been announced for the construction industry which basically means that developers could face higher cost pressures while building the budget housing projects. While the developers were on the lookout for the win-win budget for the stakeholders of the industry, the proposition looks to be more customers oriented specifically for affordable segment completely ignoring budget categories. About Favista Admin Sanjit is working with Favista real estate since last 2 years as digital marketing manager.View all posts by Favista Admin ^ ^ What are Franking Charges? Leave a Reply Your email address will not be published. Required fields are marked * Comment Subscribe to our newsletter Want to be notified when our article is published? Enter your email address and name below to be the first to know. Send Facebook

  3. Sg ' I Lp uvm& ■arr_nFavista Real n Estate Pvt Ltd 23 seconds ago Do let us know your thoughts. Comment below! li Like ^ Comment A Share Twitter Timeline Tweets by @FavistaRealty Recent Blogs Union Budget 2018-19: Affordable housing gets a big push February 17, 2018 What are Franking Charges?February 16, 2018 What are Different Types of Co-ownership?February 14, 2018 Ways to Give Your Home Close-to-nature LookFebruary 12, 2018 Sectors Bankable in GurgaonFebruary 9, 2018 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT About UsOur TeamCareerContact UsTerms Privacy PolicyDisclaimer

  4. Site Map QUICK LINKS Post Property FREEEMI CalculatorBlogs Compare ProjectsDownload Mobile APPSale PropertyRent Property CONTACT FAVISTA Toll Free - 1800 2121 000 (ALL INDIA) Gu rgaon - +91-124-3378700 Noida - +91-120-4117463 Mumbai - +91-22-40142051 Email Sales - sales@favista.comEmail Enquiry -info@favista.com 9Unit 235 to 240 2nd Floor, Vipul Trade Center,Sohna Road Sector 48, Gurgaon, Haryana 122002. 1 Square meter = 10.764 Square feet Have More Questions? Do not hesitate to contact us! Read our FAQ's or Leave a feedback for us to contact you shortly. © 2015 Favista Real Estate Pvt. Ltd., All Rights Reserved.

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