Affordable housing may be next big theme

The government's efforts to boost affordable housing in a bid to attain the goal of `Housing for All by 2022' have started to yield positive results. All indicators including the much-needed supply; pick-up in housing loans and sales in this category are cumulatively pointing towards an uptrend. However, price rise has been arrested due to good supply and this has been helping in maintaining affordability.

Several incentives for affordable housing including the infrastructure tag, extension in the timeline for project completion and with regards to the size of these houses have been helpful in drawing interest for all the relevant stakeholders including developers, financiers and most importantly home buyers.

Share prices of real estate and cement companies have already been moving up on account of this major affordable housing push trickling into other segments of the business and driving revenues.

Source- ET Realty