Any affordable housing projects coming up ?

Q: Why there are not many projects coming up with low-cost housing?

Sushant, Mumbai

15th February 2013

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affordable housing projects

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Since the rates of plots are very high in the metropolitan cities, developers are interested to invest in peripheral areas such as Bhiwadi, Bawal and Manesar in NCR region and Ambivili and Karjat near Mumbai. Thus, many affordable housing projects in India have been coming up in suburban areas.

Yogesh Kumar, Noida

21st February 2013

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Finance ministry is also trying to push the affordable housing sector in the nation. It is focusing on all possible channels for growth of housing. Revival of housing sector will surely give a boost to other allied sectors too and that is the main reason for the ministry to showing interest towards realty sector.

Lalit Verma, Mumbai

21st February 2013

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The government’s main intention will be to push the number of homes with price tags around Rs 20 lakh. It can be achieved through offering incentives like tax breaks, easy loans, etc that may be provided for low-cost homes.

Dhiraj,

21st February 2013

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Hi Lalit.. Any idea what are the next plans of the govt through the new budget? How will they increase affordable projects? And there are talks about getting infrastructure status to affordable housing, what do you say?

Sajal Das, Kolkata

21st February 2013

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Hi Sushant, as of now I have not heard of any such projects being built. But I think soon there will be many affordable projects coming up. Because the new Budget is planning few things for this sector.

Lalit Verma, Mumbai

21st February 2013

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