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RICS wants budget proposal to set up housing fund

The Royal Institution of Chartered Surveyors (RICS), a professional body for qualifications and standards in land, property and construction worldwide, has, in a manifesto, proposed rationalisation of existing funding, incentives and taxation in favour of establishing better mechanisms to meet the funding as well as delivery needs of infrastructure and housing in the country.
The manifesto says that the definition of infrastructure should be broadened to include integrated townships (approximately 40 hectares in size) which are self-contained residential clusters, with certain prerequisites and ancillary facilities, such as roads, schools, parks, hospitals and retail outlets.

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