Lot of demand exists in the affordable housing segment. In order to meet the housing for all by 2020, there is a direct intervention by government through various initiatives such as CLSS, tax benefits and more under the affordable housing sector.

Ahmedabad Municipal Corporation is undertaking the construction of 1,456 houses under Pradhan Mantri Aawas Yojana (PMAY) near ICB Flora in Gota.

The Government of India plans to set up a dedicated unit to monitor effectively the implementation of PMAY (Pradhan Mantri Awas Yojana (Urban).

Total target for construction of 1.95 crore houses under PMAY-G Phase-II upto 2022.

The City and Industrial Development Corporation of Maharashtra (CIDCO) plans to implement the biggest mass housing project in the country under the PMAY scheme. CIDCO will soon start construction of 80,000 affordable homes.

It is quite challenging for a country like India with a 1.32 billion population to provide housing for all. The working group on rural housing for the Twelfth Five-Year Plan estimated the rural housing shortage in India to be 43.13 million in 2012.

The Government of India has sanctioned 1,28,509 Affordable Houses Sanctioned for Urban Poor under PMAY(urban) with an investment of Rs. 9,364 cr including central assistance of Rs. 1,928 cr.

Each of us crave for a sweet and lovely home but not all can afford it. The real estate prices have skyrocketed and have gone pass over the common man’s capacity to own a dream home.

The primary issue concerning policy reforms like RERA & GST was the lack of clarity on how they would impact the country’s real estate sector and the buyers/investors thereof. This has had a profound bearing on the stakeholders, as property markets are largely sentiment-driven.