CREDAI’s spokesperson basis the announcement made by Finance Minister

 

 

The extension of CLSS up to March 2021 and infusion of Rs 70, 000 crore is an action oriented reform for the revival of affordable housing segment. This will ensure job creation, and give stimulus to demand for affordable housing. Allied industries related to construction sector will benefit from this as it will give a boost to the supply chain. Successful implementation of this will be crucial in fulfilling, Honourable Prime Minister’s vision of “Housing for all by 2022”. We are optimistic about the fact that the third set of economic stimulus announcements by the FM  will encompass reforms related to infusion of liquidity, de - cartelization of cement prices,  restoration of supply chain to proceed with construction on the project sites. The need of the hour is to uplift the demand by providing more benefits to homebuyers by increasing the tax deduction limits for interest on home loans, thus help the realty sector bounce back.