​ NHB boss on Budget: Borrowing costs likely to fall for housing companies

MUMBAI: Union Budget for 2017-18 has focussed more on housing, a key need for millions of poor Indians living in smaller towns and villages.
The big push has come from the Finance Minister’s announcement marking affordable housing with “infrastructure” tag.

"NHB would continue to work with all the stakeholders on fulfilling housing for all,” said Sriram Kalyanaraman, national director & chief executive office, NHB. “Housing company borrowing costs are likely to come down as the affordable housing segment gets infrastructure status. It has been largely a demand from the industry.

“Overall the Budget along with the prime minister's announcement will help us attain the "housing for all" target with NHB refinancing Rs 20,000 crore next fiscal year. Time-bound execution is needed now to fructify such measures,” he said.