<b>Letters:</b> Disappointing news

Developers and builders are trying to liquidate inventory to pay off debts

Urban Development, Housing and Urban Poverty Alleviation Minister M Venkaiah Naidu’s statement that not a single proposal for developing affordable housing received by his ministry was satisfactory is disappointing news. 

Prime Minister Narendra Modi’s efforts to help the poor and middle classes, who do not have houses of their own, have come to naught. One month has passed since the Budget notified a slew of incentives for developers. Yet there are no takers for the affordable housing scheme.

The Budget allocated higher investment for affordable housing and accorded infrastructure status to the project. The latter step should enable this project