NCR takes lead in affordable housing

National Capital Region has emerged as a leading region in promoting affordable housing in the country, with NCR together with Mumbai Metropolitan Region (MMR) contributing  55 % share of the overall new budget housing supply between 2014 and 2018.

According to latest market statistics, NCR  and MMR have come up as top regions in housing supply and sales. As many as 6 lakh budget units (39%) of the over all supply of 15.3 lakh units  were launched across top 7 cities between 2014 and 2018. And NCR, together with MMR accounted for 57% sales.Because of this rise in sales spurred by affordable housing, the unsold inventory has gone down by 16 %.

Says Pradeep Aggarwal, Chairman, Assocham National Council on Real Estate Housing  & Urban Development and Founder & Chairman of Signature Global Private Limited, ” Thanks to the government’s flagship programme of ‘Housing for All’ and Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana, affordable housing has seen a big leap, bringing homes within reach of masses. The progressive policy initiatives of the government to provide incentives to both developers and buyers have paid rich dividends.  However, more policy push is needed to give a further momentum to affordable housing to make Housing for All a reality”

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