RECESSION PROOF

WHY URBAN AFFORDABLE HOUSING IS THE FLAVOUR OF THE SEASON

Infrastructure status for affordable housing ensures easier financing for developers at lower interest rates Definition of affordable housing tweaked by the government, making larger houses eligible for incentives and tax breaks Interest subsidy available on housing loans reduces payback burden India’s urban population growing rapidly, likely to reach 600 million by 2031. Will lead to a surge in housing demand Pradhan Mantri Awas Yojana expected to give a fillip to housing projects