One year after assuming office in 2014, the Modi government declared Housing for All scheme which aims to construct 20 million homes.For making its dream of Housing for All come true, the Narendra Modi government early this year extended infrastructure status to builders who undertake affordable housing projects.3 trillion wave of investment in housing over the next seven years. Modi has envisioned affordable housing for countrys poor, a majority of whom is homeless and spends days and nights on pavements.5 million annually by 2024, exceeding the 33 percent increase in the premium market," the report said.Under the infrastructure status, a builder is eligible to get state incentives, subsidies, tax benefits and institutional funding for completing their projects.

The substantial increase in construction activity and resultant rise in employments will enhance countrys overall gross domestic product or GDP that will see a jump of about 75 basis points."The volume of social and affordable housing will rise almost 70 percent to 10.The report cites CLSA China Custom Metal Parts Factory India Pvt finding that claims "the best affordability in two decades will unleash a $1.3 trillion worth of investments to country, according to a report in Bloomberg.

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