Realtors line up with projects

Buoyed by Budget, Tatas, Shapoorji Pallonji, Puravankara to launch more affordable housing projects

Developers of affordable housing such as Tata Housing, Shapoorji Pallonji Real Estate, Puravankara, and others are looking at launching more affordable housing projects after Finance Minister Arun Jaitley provided a number of sops to boost budget housing.

Besides according infrastructure status to affordable housing, which will help the companies access cheaper funds, taxation benefits and other government relaxations, the minister said that under the profit-linked income tax deduction for the promotion of affordable housing, the carpet area instead of a built-up area of 30 and 60 square metres would be counted.

"The provision allowing liability to pay capital gains tax in the