Affordable Housing May Help Revive Real Estate

Affordable Housing May Help Revive Real Estate

When one thinks of real estate, often the primary focus is commercial real estate or luxury housing. But as the real estate business faces one of the biggest challenges in recent times, the key to resolving this problem may lie in affordable housing. What is Affordable Housing? In India, affordable housing is defined as a house or flat with a carpet area of up to 90 square metres in non-metros and 60 square metres in metropolitan cities, with an estimated value of up to Rs. 45 lakhs. Both the Government and the RBI have taken many steps to boost this…

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