WhatĆĀ“s come as significant positives for the real estate sector are the announcements on affordable homes. One is the government according it infrastructure status, which means projects in that segment will be able to raise finance at a much lower cost.
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The playing field for the housing sector has been levelled
As IndiaĆĀ“s urban population goes up from 26 to 51 per cent in a decade, the need for upgrading urban infrastructure is most acute here. China has caught up in the past six years. Indian infra requirements include budget housing, road infrastructure, bridges, flyovers and underpasses to connect small towns to cities and then to the metros.