Affordable Housing: A dream comes true



Affordable housing  has been  a motive by the government to provide an own house to all the sections of the society so that nobody remains homeless. The Pradhan mantra Awas Yojana was launched in June 2015 and the execution of the same has been speaking volumes since then. There have been amendments and enactments regarding the policies related to the real estate sector so as to offer the appropriate climate to the affordable housing segment.  There are many private and financial firms that have been taking productive steps in this direction. The reduction of home loan interests by certain banks has given a major ease up to the people  still struggling to purchase their first own house.  The developers and builders of the nation have been woking hard to make affordable housing units ready before time but due to certain challenges, some states lagged behind. In order to deal with such challenges and situations, the government further made amendments in real estate related terms so that the execution could get a boost. The PMAY policy is entirely dedicated to suffice the needs of a common and middle class section that cannot afford high-priced housing. There has also been noted an increased rates in the sales of affordable housing units.

“There have been a majority of people striving to buy own homes thus,  affordable housing units are a source of relief for the people who couldn’t purchase an own house. Indeed it’s a beneficial step as we being a developer would be sufficing the basic needs of the people and market goes smooth when we understand the need of our consumers and come with projects accordingly. Affordable housing is not just a benefiter for buyers but also for developers like us who pay special attention to the needs of majority  and contribute to the easily affordable units” says Pradeep Aggarwal, Co- founder & Chairman, Signature Global.

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