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Budget 2017 - Ms. Sangeeta Banerjee - Co-Founder & CEO - ApartmentADDA

Posted On: 2017-02-01 21:10:01

"When it comes to Real Estate / Housing, the Budget is solely oriented towards boosting Affordable Housing, as expected. Affordable housing defined as House Cost up to Rs.50 Lakh or Carpet Area of 300 sqft in metros and 600 sqft in other cities.. This definition varies for different benefits in the budget.

For urban Apartment Communities or RWAs, a positive Budget announcement is for the Govt will Undertake important reforms by providing legal framework for dispute resolution and re-negotiations in PPP projects and public utility contracts.

Many Apartment Communities or RWAs wish to build or maintain public amenities in their neighbourhood in partnership with Govt. This could be Parks, Lakes, or even Last Mile Roads. A robust PPP framework as well as dispute resolution will make this a win-win for the Gov as well as forward-thinking neighborhoods."


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