Budget Reaction: `Affordable Housing has secured the long-awaited Infrastructure Industry status'

Mr.Ravi Ramu, CEO & MD, VBHC: "Affordable Housing has secured the long-awaited Infrastructure Industry status. This is a big gain for our industry and will result in the attendant benefits of securing longer-term and cheaper funding; a much required boost.

The change in the capital gains tax incidence from the beginning to the end of a project with respect to Joint Development Agreements will also prove an important impetus to such projects by reducing the cost of land to the developer."