A major sales chunk in 2016 came from the affordable housing segment, where developers across the country are focusing towards the government’s decision of Housing for all. NCR realty market was the top performer in offering affordable housing units, where for instance, Gurugram is ready with almost 50,000 units in pipeline to be delivered by 2021.
The central government has been very actively working on the mission of Har Parivar Ek Ghar and with huge number of units are in pipeline, the year ahead surely seems progressive. The ripple effect of Gurugram’s affordable housing scheme will soon be observed in the adjacent regions too, boosting the scheme further and delivering homes to large number of people in the coming year.
The recently passed GST & RERA will also act as a catalyst in the real estate sector and turn up to bring more transparency and credibility to the sector. The possible reduction in lending rates along with the attached benefits of PMAY wherein a certain portion of the loan is disbursed at an even lower rate is sure to boost the hopes of achieving the mission of Housing For All by 2022.