‘Nothing note-worthy for realty biz’

The enhanced allocation for PM Awaas Yojana by 66% to over Rs 79,000 crore is certainly a boost for affordable housing, which was flagging due to increased input costs and also because the buyers in this segment, mostly from the unorganised sector, were still reeling under the impact of the pandemic.

DT NEXT Bureau

Updated:2nd Feb, 2023 at 8:00 AM

NEW DELHI: Anuj Puri, chairman, Anarock Group, feels the new measures may certainly help unleash Indian economy’s potential but from a real estate point of view, there were no major direct announcements that could be seen as immediate booster shots. The enhanced allocation for PM Awaas Yojana by 66% to over Rs 79,000 crore is certainly a boost for affordable housing, which was flagging due to increased input costs and also because the buyers in this segment, mostly from the unorganised sector, were still reeling under the impact of the pandemic. D Lakshminarayanan, MD, Sundaram Home Finance, believes the overall push on infrastructure will further the cause of housing for all and help the housing finance sector. Urban infrastructure fund by National Housing Bank to the tune of Rs 10,000 crore is a significant step in pushing the housing agenda.

‘Nothing note-worthy for realty biz’

Also Read

More victims come forward with statements against granite baron Veeramani

TN bypolls 2026: C Ve Shanmugam, SP Velumani not in AIADMK list of star campaigners

Zero passes in four years: 24 TN engineering colleges fail the test

VOC Port to bring in 3 MW green hydrogen production plant on its premises

Rs 52 crore allocation may financially stress Madras University