The government has announced a new policy to boost affordable housing in the country. The policy includes incentives for developers such as subsidies on land acquisition and relaxation of regulatory norms.
Homebuyers will also benefit from subsidies on interest rates and stamp duty exemptions. The policy is expected to boost demand for affordable housing, particularly in cities such as Mumbai and Delhi.
Developers such as Tata Housing and Puravankara are already seeing an increase in demand for affordable housing projects in Navi Mumbai and Thane. The average salary for a project manager in the affordable housing sector is around ₹15 LPA, with some companies offering up to ₹20 LPA for experienced candidates.
As the policy is implemented, we can expect to see more job opportunities in the affordable housing sector, particularly in roles such as construction managers and quantity surveyors.
