Focus on affordable housing, infrastructure bodes well for realty sector

The government's focus on affordable housing, infrastructure development and urban planning is expected to provide a boost to the real estate sector, industry experts said.

Plans to formulate policies for rental housing, land record digitisation, transfer-oriented development of cities with a population of over 3 million and development of industrial parks will also benefit the sector, they said.

The decision to support construction of 30 million additional homes under the Pradhan Mantri Awas Yojna, with an allocation of Rs 10 lakh crore towards 10 million homes in urban areas and the potential reinstatement of interest subsidies, is expected to support the affordable housing segment.


The proposed development of investment-ready industrial parks in or near 100 cities, along with sanctioning 12 industrial parks under the National Industrial Corridor Development Programme, will likely encourage industrial growth, create jobs and attract investments, experts said.