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Realty sector lauds Govt nod to ‘Housing for All’
The Union Cabinet’s path-breaking decision on Wednesday to approve the launch of ‘Housing for All by 2022’ has received all-round applause from the real estate industry. The decision is primarily aimed at rehabilitation of slum dwellers and promotion of affordable housing for the Economically Weaker Sections (EWS) and Lower Income Groups (LIG) through credit linked subsidy.
Kushagr Ansal, Director, Ansal Housing, said, “Releasing of inexpensive land parcels, land acquisition to become easy, interest rates to be dropped, raw material to cost less and other such steps will make sure that developers are provoked to construct houses coming under affordable segment and target audience to be EWS and LIG groups primarily.”. He added, “Once these plans start running parallel to each other, ‘Housing for All by 2022’ will see visible activity”.
In his reaction to the move, Vikas Bhasin, MD, Saya Homes, said, “This is a welcome move for not only the urban poor of the society but also for realty sector. Real estate as a sector is associated with various other key industries and thus, everybody associated to it will get the benefit. LIG and EWS groups have got news of a lifetime and now we will not only see homes for them, but a boost to their living styles as well, which is one of the key drivers of human and economic development”.
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