Post Budget quote from Ravi Ramu, CEO & MD, VBHC
Author(s): City Air NewsMr 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...
"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."