Policy and tax reforms providing a boost to the sector
With a view to further incentivize the real estate sector in
India, the Finance Minister has announced several policy
initiatives. Banking on the success of SWAMIH Fund I , another fund
(SWAMIH Fund 2) of INR 15,000 crores will be established as a
blended finance facility with contributions from the Government,
banks and private investors. This is expected to accelerate
completion of stalled housing projects and bring relief to home
buyers. Further, policy initiatives have been introduced for Urban
development through establishment of Urban Challenge Fund, of INR 1
lakh crore which will play a pivotal role in growth of cities.