Affordable housing gets big boost
Builders and developers largely building the value and premium segment have started to move towards affordable homes. “There is a definite shift to this segment. Some of our members are focusing on the affordable housing segment and this trend is driven by demand and the government's push to address the shortage here,“ said Shantilal Kataria, president, Confederation of Real Estate Developers' Associations of India (Credai), Pune. To meet the Prime Minister's `housing for all' vision by 2022, the centre has announced a credit linked subsidy scheme where the first Rs 6 lakh of loan amount will be priced at 6.5% (normal prevailing rate is over 9.20%), provided the borrower meets certain criteria.
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