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There has been a steady offtake in the affordable housing segment due to government’s various incentives and efforts to stimulate the industry. Our honourable Prime Minister Narendra Modi has given a kick-start to the real estate sector with the Pradhan Mantri Awas Yojana (PMAY) scheme.
It is a landmark decision as the home loan interest rates are low in this scheme. As the latent demand for affordable housing always existed but with regulatory and government support and increasing urbanization, more and more developers are finding the segment lucrative.
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The country’s 40 per cent population lives in cities and it is the responsibility of the government to uplift their ...
The country is estimated to have a shortage of nearly 20 million housing units needed by the rural and urban poor, at far...