INCENTIVES ON AFFORDABLE HOUSING A KEY FACTOR BEHIND PROPERTY MARKET REVIVAL: PROPTIGER.COM REPORT
Construction Week|April 2022
Policy support from the government is seen fueling the attraction for affordable homes in India in 2021, data show by digital real estate brokerage firm PropTiger.com. This, in turn, helped the world's second-most populous nation register a jump in annual housing sales as well as supply.
INCENTIVES ON AFFORDABLE HOUSING A KEY FACTOR BEHIND PROPERTY MARKET REVIVAL: PROPTIGER.COM REPORT

According to numbers available with PropTiger.com, 43% of the total housing sales in India's eight leading housing markets was within the price bracket of Rs 45 lakh, a cap essential to avail of certain government subsidies on home purchase in India. According to a report by Prop Tiger, titled Real Insight Residential - Annual Round-up 2021, home sales in India's eight prime housing markets increased 13% in 2021, when compared to the overall sales in 2020.

This story is from the April 2022 edition of Construction Week.

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This story is from the April 2022 edition of Construction Week.

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