Perspective on Knight Frank's report on Affordable Housing in India By Mr. Rohit Poddar, Poddar Housing and Development Ltd
Below is Perspective on Knight Frank's report on Affordable Housing in India By Mr. Rohit Poddar, managing Director, Poddar Housing and Development Ltd.
"The affordable housing industry is one of the most critical segments within the real estate sector in India. The government too is trying to address the issue of housing shortage in India by supplying affordable homes under 'Housing for All' Funding for affordable housing is critical for the success of this flagship scheme of the government. Several initiatives by the government to ensure ample liquidity for affordable home financiers have made it a lucrative investment opportunity.
Funding for affordable housing is important as most home buying in India is bank financed. The majority of the Indian population cannot afford luxury homes. Most are low to mid-income groups residing in affordable homes. The government has provided various incentives to home buyers, targeted at the affordable housing segment, which is expected to further augment the demand.”
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