Q:With a multitude of official definitions in existence, what do developers imply when they ask for grant of infrastructure status?“Basically developers are asking for tax breaks and cheaper and easier funding when they are asking for infrastructure status. Frankly, these ends can be met by other means also without actually classifying housing as infrastructure,” says Pankaj Bajaj, president, CREDAI-NCR and MD, Eldeco Properties.“Of course, there were some instances of the section being misused but largely it was successful in encouraging construction of large scale affordable housing. It should be brought back in some form in the coming Budget,” says Eldeco MD Pankaj Bajaj.
