BackBudget 2015: Govt allocates Rs22,407 crore for housing, urban development
Arun Jaitley said the country needs to build 20 million more homes in cities and 40 million in villages
Premium(Ramesh Pathania/Mint)
Bengaluru: Giving the housing for all by 2022 target a push, finance minister Arun Jaitley said the country needs to build 20 million more homes in cities and 40 million in villages.
His budget presented on Saturday proposed to allocate ₹ 22,407 crore for housing and urban development.
“Each house in the country should have basic facilities of 24-hour power supply, clean drinking water, a toilet, and be connected to a road," Jaitley said.
“This will help to fill the huge demand supply gap in the housing sector and will make housing the next booming sector in India. As the economy will expand and more jobs will be created in our cities, there is a need to not only plug the existing gap but also a need to cater to the newer demand," said Surabhi Arora, associate director at Research Colliers International, a property consultancy firm.
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