The government's efforts to boost affordable housing in a bid to
attain the goal of 'Housing for All by 2022' have started to yield
positive results. All indicators including the much-needed supply;
pick-up in housing loans and sales in this category are cumulatively
pointing towards an uptrend. However, price rise has been arrested due
to good supply and this has been helping in maintaining affordability.
Several incentives for affordable housing including
the infrastructure tag, extension in timeline for project completion and
with regards to size of these houses have been helpful in drawing
interest for all the relevant stakeholders including developers,
financiers and most importantly homebuyers.
Share prices of real estate and cement companies have already been
moving up on account of this major affordable housing push trickling
into other segments of the business and driving revenues.
Read all such Property News at CREDAI MCHI – Thane Unit website.
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