The upcoming Budget is expected to give a special focus to construction development and affordable housing as increased activity in these areas provide a higher boost to overall demand in the economy because of their forward and backward linkages.
Sources said the government plans further liberalisation of foreign direct investment (FDI) regulations for the construction development sector while a higher allocation is expected towards a credit-linked subsidy scheme for affordable housing.
One factor behind the exodus of migrants from cities during the pandemic was their lack of access to safe, affordable housing in urban clusters.
Source: The Indian Express
