Serius developers to enter affordable housing sector

Q: Scope in the affordable housing sector is huge as there has been a change in demand from big ticket size buys by investors to end-use customers which are almost 85% of the home aspirants.

Joydeep D,

7th December 2015

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But still funding would be a challenge in the affordable housing class for few more quarters till there is clarity on certain policy issues, structured debt and equity will be available for those entering this space. If policies will be in favor of them, there is a chance of booming in the affordable segment.

Nikhil Agarwal, Delhi

7th December 2015

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But in spite of the fact that various initiatives taken by the government, the affordable housing sector has not gained momentum which is required to fulfil Modi government's ambitious programme of ''housing for all'' by 2022. However, we will see some kind of activity in the sector going forward with a new generation of developers entering the space of affordability.

Niyati Juthali, Mumbai

7th December 2015

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It is true.
On the other hand, we are seeing a change in the type of developers who are now entering the space. These are serious players who want to focus on delivering the projects in a clean and transparent manner. These are the ones who will adopt new technology for executing projects in a more professional way and on time delivery of projects.

Kaushik Bardia,

7th December 2015

It is also seen that there is rising interest from few private equity players to support developers who are taking up affordable housing projects as this space is going to the big thing going forward, mainly due to the initiatives taken by the government to promote housing for all. It will really help a lot to the realty market in coming days.

Niyati Juthali, Mumbai

7th December 2015

@Niyati,
Now, few private equity players have changed their strategy and looking forward to partner with such small developers who want to create mass housing stock. They not only provide funds but also market their projects as creating a brand for these small developers is a challenge.

Kaushik Bardia,

7th December 2015

Yes, industry expert believe that there is very little progress on creating affordable housing as the sector is likely to witness new generation of serious developers who will give priority to clear titles, transparency and on time delivery.

Kaushik Bardia,

7th December 2015

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