Affordable housing soon to be on NRI investor’s checklist

The current situation has made people realize the value of their homes and staying close to their families. Residing in metro cities comes with its own set of challenges; the high density of crowd there has led to the saturation of land and subdued demand leading to high property prices. The exodus migration of people to their hometowns due to lockdown has made them look for greener pastures that are cost-effective markets, this brings the affordable housing segment in focus.

Right from the smallest decision about stepping out of your homes to a major decision about managing our finances, all are taken with the backdrop of ensuring safety from this contagion. Due to this lockdown imposed, the realty sector has started witnessing a renewed set of interest from foreign investors and buyers’ end in the affordable housing market. Metro cities are anyway battling through the challenges of high population density.

Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, ASSOCHAM – National Council on Real estate, Housing & Urban Development said, “This lockdown time has given boost to the affordable housing segment in terms of providing the low and affordable cost 1BHK and 2BHK flats with premium quality and facility and low budget apartments and soon it will be on NRI’s investor checklist.

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