Budget 2018: Govt may finally give industry status to real estate sector

To boost the numbers of indirect and ancillary jobs, Finance ministry has decided to grant the demand

On the argument that real estate development is the best driver for mass job creation in a short span of time, the government might finally give industry status to the sector in its Budget for 2018-19. This has been the real estate industry's long-standing demand. 

“A midsize affordable housing project gives employment to at least 2,000 to 3,000 people, direct and indirect. Bigger projects require more people. This is a two-pronged plan. Not only we will help get more people affordable housing but also help millions get employment. We think this year the finance ministry would give its nod (for