Affordable Housing Gains Luxury Loses Sheen

Although luxury housing has evolved at a breakneck pace in India, this sector does not still cater to the masses. On the contrary, affordable housing has boomed in India over the last 3-4 years. Additionally, Central Government’s commitment to render ‘affordable housing for all’ like interest subsidy for low and economically weaker sections, has given much-required impetus to this sector. Even, most of the real estate developers have also started catering to the affordable housing as now a higher number of young migrants moving towards urban areas every coming day.

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