Real estate sector hopes for continued govt support for affordable housing, increase in corpus for SWAMIH Fund in Budget Hindustan Times
With the Union Budget 2024-25 set to be tabled next month, the real estate sector hopes that interest stimulants previously extended to homebuyers and developers of affordable housing that have expired in the last two years would be renewed to give a boost to the segment. The real estate sector is also hoping that the government will provide for further allocation to the Special Window for Affordable and Mid-income Housing Fund (SWAMIH). “The current growth trajectory is skewed towards mid-range and premium housing. Considering the specific housing needs of India’s lower-income groups, this momentum cannot ride solely on higher-priced homes while affordable housing continues to languish,” said Anuj Puri, Chairman – ANAROCK Group.
