Highlights 1 Affordable housing projects will now get infrastructure status, offering tax sops to developers. 2 The move is aimed at encouraging investments in affordable housing. "It is positive that the real estate sector has come in the central spectrum of the Union Budget," Knight Frank India CMD Shishir Baijal said. The new status will increase the resource allocation for the sector, catalysing housing supply and reducing the supply gap." Also read: Union Budget 2017: Witty one-liners from experts and responses from politiciansWatch: Finance Minister Arun Jaitley's full budget speech

Source: India Today February 02, 2017 01:07 UTC