How to make housing more affordable?
How to make housing more affordable is a question that is being debated worldwide. Unfortunately, there are always more questions than what one could probably answer. In the Indian context, the unsold inventory to the extent of 7.85 lakh units in the top eight cities poses a big question mark since most of these units are in the affordable segment.
How can approval cost & other miscellaneous expenses be reduced to make housing affordable?
Aditya Kushwaha, CEO & director, Axis Ecorp, believes affordable housing options help prospective buyers to make their dream come true. And hence, various measures are being taken to promote affordable housing in India.
“Providing home loans at lower rates and offering tax subsidies on affordable housing are some of the measures that can be adopted to help more people realise their goal of home ownership. The cost of raw materials has skyrocketed in the past few months. In the wake of rising inflation, there is a provision available for developers to increase their prices even on the pre-sold inventory,” says Kushwaha.
