Interesting article this morning (July 24, 2013) on possible government measures to stimulate low income housing - acc to the report, the govt plans to allocate Rs 35,000 over 4 years to implement 3 programes related to low income housing including
- a scheme for rehabilitation of slum dwellers ;
- a scheme for providing interest rate subsidies on housing loans; and
- a scheme for helping private sector developers in this space (which includes fast track approvals, tax concessions, service tax exemptions etc)
The proposals are expected to get cabinet clearance within a month - for more details see link below:
Mint article - July 24, 2013
- a scheme for rehabilitation of slum dwellers ;
- a scheme for providing interest rate subsidies on housing loans; and
- a scheme for helping private sector developers in this space (which includes fast track approvals, tax concessions, service tax exemptions etc)
The proposals are expected to get cabinet clearance within a month - for more details see link below:
Mint article - July 24, 2013
