After the downturn, it is expected that the housing sector, especially affordable housing, will witness a new boom phase. However, to make these houses really affordable, the government needs to give special exemption to all the building product manufacturers such as tiles, sanitary wares etc for the supplies made towards the government focused projects and government controlled housing bodies/ corporations and redevelopment bodies.This will make sure that end consumer gets these houses at really affordable cost. Apart from that, the custom duty on raw material should be reduced to make it lesser than the custom duty on finished goods from China and other SAARC countries. This will encourage Indian manufacturers to supply such products at more competitive rates as these products now should fall under basic needs category and not premium luxury items.
Mr. B. G. Vyas
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