The government has introduced a new policy aimed at boosting the affordable housing sector in India. The policy, which was announced last week, provides several incentives for developers to build affordable housing projects, including subsidies and tax breaks.
As per the policy, developers who build affordable housing projects will be eligible for a subsidy of up to ₹2.5 lakh per unit, making it an attractive proposition for companies looking to expand their operations in this segment. The policy is expected to have a significant impact on the real estate industry, particularly in locations like Navi Mumbai, Thane, and Panvel, where there is a high demand for affordable housing.
In fact, a recent report by Business Standard states that the affordable housing sector is expected to grow by 20% in the next year, providing ample opportunities for developers and professionals alike. Companies like Tata Housing and Godrej Properties are already looking to expand their operations in this segment, hiring for roles such as project managers and business development executives.
As per a survey by Naukri Insights, 90% of developers are looking to increase their focus on affordable housing, making it an exciting space for professionals to be in.
