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Source By economic times

Following a slew of policy initiatives and regulatory changes in 2017-18, affordable housing offers 6-8 billion sq. ft. development opportunity in India over the next 3-4 years, showed a CARE Ratings report.
Affordable housing segment of late is being primarily driven by government policies and incentives. As per Government estimates, over 40 million urban homes need to be constructed by 2022 in order to achieve its housing for all targets.
During the last 24 months, the govern ..

In terms of pricing, the trend across top 11 markets across India as per data from National Housing Bank's NHB Residex suggests steady assessment prices.
According to data from Economic Survey 2018 released by Government of India, the housing inventory stood at 8.08 lakh units by October 2017, witnessing a 10% decline over the previous reported inventory number.
Fewer launches post demonetization and implementation of RERA led to lower inventory addition while sales overtook the number of units added during the year. The same has been a steady trend in the past 2-3 years where the sales numbers have been higher than the number of units added, the report said.