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Developers Anticipating Budget Boost for Affordable Housing Sector

Developers Anticipating Budget Boost for Affordable housing sector

Haryana Affordable housing policy brings lots of hope for house hunters looking to settle in Gurgaon. Affordable housing is undeniably one of the best and most feasible choices left for the people who aim to buy home in low budget. Ahead of the Union Budget 2021-22, real estate developers are seeking support of government, claiming that rising costs and delay in construction activities are their biggest hurdles and the government must intervene through income tax incentives.

The year 2020 has witnessed the emergence of Tier II and Tier III cities, with people moving back to their home towns owing to the pandemic, the real estate developers floated different attractive schemes to boost the real estate market in such cities, which is essential to meet the target of ‘housing for all’ by 2022.

As per Achal Raina, COO, Raheja Developers, all through 2020, the government has come up with a variety of measures to restructure the sector, and the sector brings high hopes from the upcoming budget. Mohit Goel, CEO, Omaxe Limited has stated that the Budget will play key role in maintaining the revival process of the economy. Buying home in today’s times is extremely easy as there are many affordable housing projects in Gurgaon you can think about choosing for your dream home.

Rajat Goel, JMD, MRG World says “The government must accelerate investment in infrastructure development in state capitals and Tier 2/3 cities,”. He further added that with the government’s focus on housing for all, they are sure that the finance minister will ease the burden on common man.

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