Budget 2018-19 - housing : grants is being increased

The budget also aims to support families in investing in a house. Here are the measures:

• Increasing the maximum grant for the casting of roof slab for families earning up to Rs 10,000 monthly, from Rs 75,000 to Rs 100,000
• The maximum grant is being increased from Rs 40,000 to Rs 70,000 for families earning between Rs 10,001 – Rs 15,000
• Families earning between Rs15, 001 and Rs 20,000 will benefit from a maximum grant of Rs 50,000.
• Bank removing all restrictions on commercial banks with regard to limits applicable on loans, be it for residential or business purposes
• Consumers and businesses to be able to fully benefit from the loan facilities offered by commercial banks without necessarily having to finance part of the property upfront
• NHDC will start a vast programme of construction in 2018-19. The project value is estimated at Rs 12.7 billion
• Around Rs 1.3 billion for the completion of 3,041 housing units
• Around Rs 176 million for rehabilitation of 41 NHDC housing estates which are more than 20 years old to improve the living conditions of some 6,200 families