Affordable housing projects for the middle and lower income groups are on a growth curve in 2017. There is huge demand in both the segments, says Anarock Property Consultants in a report.
A 39% higher allocation for affordable housing by the government - compared to 2016-2017 - under the Pradhan Mantri Awas Yojana (PMAY), extension of credit linked subsidy to loans up to Rs 12 lakh and granting of infrastructure status to the segment have helped the sector in a considerable way, said Anarock CEO Ashwinder Raj Singh. "This translates into easy financial credit for builders and makes it a lucrative segment for them to invest in," said Singh.................Read more
Source: The Times of India