The Economic Times

NITI Aayog calls for fiscal incentives to push development of affordable houses in India

In its report on A Comprehensive Framework to Promote Affordable Housing, developed jointly with the ministry of housing and urban affairs, the Aayog has proposed a slew of incentives for developers and buyers of affordable houses, including reintroduction of the provision of 100% tax exemption to developers involved in approved affordable housing projects and doubling of loan limit to Rs 40 lakh under the Credit Risk Guarantee Fund Scheme for Low Income Housing.