The eight projects will add more than 3,000 new homes and commercial units across six cities and will be range form affordable to mid-income housing categories
Companies with scalable models and balanced, risk-adjusted growth are likely to take the lead
Analysts say lower input costs could ease margins, revive demand and re-rate valuations for affordable housing developers, while cement stocks have already priced in the gains
Government incentives and sops have run their course with no big outcome but now cut in cement GST rates could give a boost
Elevated operating costs and pressure on margins would keep growth under check
Mumbai's luxury property market is experiencing a significant slowdown with a sharp drop in new launches and plummeting sales, as skyrocketing prices have made high-end real estate increasingly unattainable
The new president of CREDAI, Shekhar Patel, said that the Rs 45 lakh cap on affordable housing should be increased or removed so that more people can get tax benefits and sales can increase in the segment.
With rising construction costs, high home loan interest rates, thin margins and more lucrative opportunities in mid, premium, and luxury housing, large developers have continued to vacate the affordable housing space, and reduced supply has pushed up prices for affordable housing units.
The company continued to grow its asset base above industry levels
In the past, government programs like PMAY “Housing for All” and the SWAMIH scheme have supported affordable housing by reviving stalled projects
Industry experts are advocating for an upward revision in the property value cap under the Pradhan Mantri Awas Yojana (PMAY), proposing an increase from the current Rs 35 lakh to Rs 50 lakh in metropolitan areas
Analysts believe the 2025 Union Budget could introduce enhancements to PMAY-HFA to ensure affordable urban housing
They will also be tracking whether the definition of affordable housing will be revised
It is imperative to boost housing in rural areas through measures such as incentives for first time buyers or even on loans which people could avail to convert ‘kaccha’ homes into ‘pucca’ ones
According to ANAROCK data, the sales share of affordable housing fell to a mere 18 percent in 2024 from over 38 percent in 2019. Similarly, its share of total housing supply in the top seven cities dropped to 16 percent in 2024 from nearly 40 percent in 2019.
Around 16,000 houses will now be sold in the Konkan board lottery. Earlier, 12,000 affordable houses were up for sale
According to MHADA officials, the authority has received 94,733 applications as till the end of September 16, of which 70,562 paid the earnest money deposit. Officials added that they expect more than one lakh applications by the end of the application process.
Additionally, the tender for the Kamathipura cluster redevelopment project is expected to be floated later in August, according to Sanjeev Jaiswal.
Realty stocks gain after FM Sitharaman announced Rs 11 lakh crore capex outlay and Rs 10 lakh crore allocation for rental housing.
Investors hope for continued government support, with expectations of increased funding for the Pradhan Mantri Awas Yojana (PMAY) and additional subsidies for housing loan borrowers in Budget
Highlighting that the first Budget of the Narendra Modi 3.0 government will also include a long-term blueprint for making India a developed nation by 2047, the paper listed areas that would require the government's greater attention and priorities for realising the national goals.
Budget 2024-25: Affordable housing is on the cusp of sustained growth and all it needs is continued government push.
The present PMAY scheme and the faltering pace of affordable housing that fell short of its earlier targets has evoked a great deal of criticism
Apart from policy changes directly affecting them, developers' wish list include lower home loan EMIs, and introduction of sustainability incentives for the sector.
Affordable housing market’s share in total housing loans has shrunk over the years and financiers to this segment have seen tepid growth in assets under management. That said, non-housing loans have been a big growth driver for them