COVID-19 Relief - FM Fires Second Relief Salvo for Real Estate
Anuj Puri, Chairman – ANAROCK Property Consultants
The
second tranche of the government’s INR 20 lakh crore economic package
was unleashed for the benefit of migrant workers, traders, farmers and
street vendors – and
there was a real estate takeaway. In a big move, the government has
announced the one-year extension of the CLSS scheme up to March 2021.
This will help push demand for affordable housing.
Ever
since its implementation in 2017, the CLSS scheme has already
benefitted over 3.3 lakh families and the extension will further aid
many more families to avail
housing under this scheme. As a ripple effect of increased demand for
affordable housing, it will positively push demand for raw materials
like cement, steel, transport and other construction materials.
The
government’s push for affordable housing has been unmistakeable in the
last six years. Its Housing for All by 2022 project has already resulted
in
multiple sops and incentives. As a consequence, there has been a
significant increase in activity in affordable segment over the last few
years. As per ANAROCK research, there are currently 15.62 lakh under
construction units across the top 7 cities, of which
nearly 39% are in the affordable segment priced <INR 40 lakh budget.
No comments:
Post a Comment