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.
Latest Answer: The project is under construction and the expected possession date is by 2013. You can visit the site for the latest update about the project because they have not yet uploaded pictures. I think we have to wait for some time till they upload pictures in their website.