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Affordable Housing to drive Future Growth

According to the latest research report by leading global real estate services firm Cushman & Wakefield covering the top eight cities of India, the affordable housing sector has recorded a surge of 27 per cent in new units launched year-on-year.

  • Affordable housing is an attractive proposition, for both developers and buyers alike, as the demand is huge and largely unmet.
  • With new reforms, availability of more funding options for the developers such as ECB (External Commercial Borrowing), FDI and debt financing from national financial institutions are easy.
  • Developers have increased marketing schemes such as interest subvention, possession-linked payment plans, price guarantee schemes and waiver of floor rise to defy the weak market conditions.
  • With implementation of GST and RERA, there is a new sense of confidence among buyers.
  • Affordable housing is the only really vibrant segment in Indian residential real estate at the moment.
  • Affordable housing has gained fresh momentum, after it got the infrastructure status.

Source: ET Realty

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