The low-cost housing sector has been demanding "infrastructure" status so that funding could be made easier with easy role over.
In a real estate conference organised by RICS, CREDAI President Getamber Anand said the government should provide some fiscal incentives to the real estate developers to build affordable housing.
The proposal to amend the FDI policy in construction development sector was approved by the Union Cabinet.
Real estate contributes 5.5 pc to the GDP and together with the construction industry the share goes up to 11 pc.
In Pictures: The LG X Screen Smartphone With Dual Display
Get a Glimpse of Olympic Village at Rio
West Indies vs India, 1st Test, Day 2
'Madaari' Vs 'M-Cream', What's Your Pick This Week?
India Couture Week 2016: Manish Malhotra Recreates the Magic of Persia
CNN name, logo and all associated elements ® and © 2016 Cable News Network LP, LLLP. A Time Warner Company. All rights reserved. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP displayed with permission. Use of the CNN name and/or logo on or as part of NEWS18.com does not derogate from the intellectual property rights of Cable News Network in respect of them.
© Copyright Network18 Media and Investments Ltd 2016. All rights reserved.