Affordable housing gets a big boost

Home buyers can look forward to more affordable housing, as the government has bolstered the segment, giving it infrastructure status in the Union Budget for 2017-18. Essentially, it means lower cost of capital, said Samantak Das, national director at Knight Frank, India. Hopes are that the developers will pass on this benefit to consumers. Experts estimate the cost of funds will now be approximately 10% to 12%. “On an average, I imagine a reduction of 150 basis points,”

Neeraj Sharma
Director, Grant Thornton Advisory Private Limited

This article apeared in Financial Express on 2nd February, 2017.