India's 2022 budget allocated Rs 48,000 crore for affordable housing under PMAY, with plans to construct 80 lakh houses. A high-level committee will advise on urban planning.
Budget 2012-13 proposes external commercial borrowing for affordable housing, a Credit Guarantee Trust Fund, and increased Rural Housing Fund provisions. Real estate players express disappointment, citing increased costs from the cement industry tax and service tax hike.