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Is housing really infrastructure?

Q: With a multitude of official definitions in existence, what do developers imply when they ask for grant of infrastructure status?
“Basically developers are asking for tax breaks and cheaper and easier funding when they are asking for infrastructure status. Frankly, these ends can be met by other means also without actually classifying housing as infrastructure,” says Pankaj Bajaj, president, CREDAI-NCR and MD, Eldeco Properties.
“Of course, there were some instances of the section being misused but largely it was successful in encouraging construction of large scale affordable housing. It should be brought back in some form in the coming Budget,” says Eldeco MD Pankaj Bajaj.

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Replies (5)
1
Hi, Doel go thorugh this article, it might help you Checklist for Buying a Property
Pramela


2
Hi, Doel what kind of plot you are looking and what is your price range? are you looking it in full NCR belt or any particular region?
Manisha Soori


3
Need to know the steps of buying a property and what are the documents needed and how should i trust a broker ?
Doel Singha


4
I heard there was a news that buyers will have more tax benefit rather than builders and CREDAI stood against the news? is that true can any one be clear about that?
Aloke Kumar Singh


5
SO do you mean to say developers have a great issue with the tax factor and they find easier ways to fund the project? I think according to the news , Government have taken new rules for the tax and its rebate for the developers.
Indu dixit


6

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