'Serious Action Needed on Low-Cost Housing'

The Modi government has promised housing for all Indians by 2022; the ambitious plan is estimated to cost a whopping Rs 14 lakh crore, which is nearly thrice the country's annual planned expenditure. However, analysts say the government has so far taken baby steps in this direction. Over the last nine months, it has offered tax sops on home loans, eased foreign investment norms in construction sector and allowed more means for t...