Key Points
Given the governments strong commitment to infrastructure development and housing in recent years, stakeholders expect a slew of measures, including some that could benefit homebuyers in the vote on account and the Union Budget a few months thereafter...
First on the list is another tranche of the government's contribution to the Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund, which has benefited scores of homebuyers and helped convert non-performing assets to performing assets...
Sponsored by the Ministry of Finance and managed by SBICAP Ventures Ltd, SWAMIH Investment Fund I was the countrys largest social-impact fund specifically formed for completing stressed and stalled residential projects in the affordable-housing and mid-income-housing categories...
Second and a long-standing demand is grant of infrastructure status to real estate, which can help developers secure lower-cost funding from banks, increase the flow of foreign and private capital, and avail tax concessions..
Third, the sector is widely expecting input-tax credit in Goods and Services Tax (GST) for residential projects falling in higher GST slabs (projects other than affordable-housing projects)...
