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  • "Affordable Housing The New Mantra For Real Estate Sector": By: Karan Newatia

    Diunggah oleh

    Karan Newatia
    12 tayangan12 halaman
    Affordable housing has become the new mantra for the real estate sector in India. Previously, the sector was unorganized and development was controlled by authorities, but now private sector participation and modern construction techniques are driving organized growth. Multiple funding options and faster loan processing are also fueling affordable housing. However, issues remain around high construction costs, land acquisition, and a lack of regulatory mechanisms. Suggestions to promote affordable housing include speedier project approvals, increased density norms, improved connectivity, and public-private partnerships. Affordable housing is an important segment that can boost growth through its linkages to other industries.

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    Affordable housing has become the new mantra for the real estate sector in India. Previously, the sector was unorganized and development was controlled by authorities, but now private sector participation and modern construction techniques are driving organized growth. Multiple funding options and faster loan processing are also fueling affordable housing. However, issues remain around high construction costs, land acquisition, and a lack of regulatory mechanisms. Suggestions to promote affordable housing include speedier project approvals, increased density norms, improved connectivity, and public-private partnerships. Affordable housing is an important segment that can boost growth through its linkages to other industries.

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    Attribution Non-Commercial (BY-NC)
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    12 tayangan12 halaman

    "Affordable Housing The New Mantra For Real Estate Sector": By: Karan Newatia

    Diunggah oleh

    Karan Newatia
    Affordable housing has become the new mantra for the real estate sector in India. Previously, the sector was unorganized and development was controlled by authorities, but now private sector participation and modern construction techniques are driving organized growth. Multiple funding options and faster loan processing are also fueling affordable housing. However, issues remain around high construction costs, land acquisition, and a lack of regulatory mechanisms. Suggestions to promote affordable housing include speedier project approvals, increased density norms, improved connectivity, and public-private partnerships. Affordable housing is an important segment that can boost growth through its linkages to other industries.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PPTX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 12

    “AFFORDABLE HOUSING THE NEW

    MANTRA FOR REAL ESTATE


    SECTOR”

    BY : KARAN NEWATIA

    R.NO : 21
    Real Estate Industry Evolution
    15 YEARS AGO NOW

    Unorganized sector Organized sector

    Controlled development by
    Private sector participation
    development authority

    Traditional construction Modern Mechanized


    Techniques construction Techniques

    Funding through
    unorganized sector Multiple funding Options

    Loan approval –
    Loan processing in a
    quarterly execution
    matter of few days
    Property purchase at Property owners’ age – 27
    fag end of career and above
    Introduction to Affordable Housing
    • Housing for the masses
    • Comfortable living
    • Location proximity
    • Affordability is quantified by
    • Household income
    • Price of the product
    • Affordability does not compromise on
    • Quality of construction
    • Provisioning of socio – economic infrastructure
    • Recent shift in focus towards affordable housing
    Reversal of growth factors
    THEN NOW
    Decline in GDP growth
    Continuous increase in Rate 2
    GDP
    0
    Income level stagnation/ 0
    Increase in income levels risk of layoffs 7
    2 &
    Lowering of home loan High lending rate
    0 interest rates
    0 b
    Unaffordable property e
    3 Affordable property prices Prices y
    High market sentiments
    o
    Low market sentiments n
    d
    CONSTRU
    CTION
    COST

    High Interest
    Rates

    Bricks Prices Labour Rates


    Increase by Escalated to
    30-35 % 5-10 %
    Opportunities for Affordable Housing
    in India

    • Restructuring of the housing sector


    • Re-focusing product to real end user
    demand
    • Catering to strong domestic demand
    • Real estate as a widely linked sector
    • linkages with 200 industries
    • Multiplier effect on growth
    • Growing urban population
    • Projected urban population to 533
    million by 2025
    MEASURES TAKEN

    Payment Sale of
    Launched Terminated Cost
    of short properties
    affordable projects reduction
    term debt for
    housing with long through
    by raising liquidity
    project. gestation tight cash
    long term preservatio
    period. flow.
    debt. n.
    KEY ISSUES

    Incompletio Less demand


    Cash
    n of previous Bad Debts. in all
    starvation.
    projects. segments.
    Issues relating to Affordable
    Housing
    • Lack of regulatory mechanism

    •High cost of land

    • Stringent land acquisition process

    • Double taxation system – high transaction cost

    • Constraining density norms


    Suggestions
    • Speedy approvals of housing projects
    • Provisioning of additional FSI
    • Improving connectivity to suburbs
    • Rationalization of transaction cost
    • Non scarcity of developed land
    • Creation of Special Residential Zones (SRZ)
    • Value engineering in construction
    • Private Public Participation (PPP model)
    Conclusion:
    Affordable housing segment on the rise.

    Key indicators of affordable housing.

    Role played by banks in support.


    THANK YOU

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