Govt must fix housing without sops to real estate firms

The housing sector has not been quite the same since the crash of 2008 hit its financing options. Now, it has been reported by this newspaper that it is trying to get infrastructure status for itself in this Budget, so as to ease its financing. Currently, companies building roads, pipelines and telecom towers can access financing from banks or non-banking finance companies at lower rates, and for a longer period. Infrastructure development has certain special needs — it is shared among a large number of people, and it is difficult to keep out free riders, making it hard to finance. 

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