The Confederation of Real Estate Developers' Associations of India (CREDAI), the apex realtors' body on November 6 strongly opposed the Union government's proposal for reserving 35 per cent of the housing units for poor. Credai says that this would result in rise in prices for the middle-class people.
In Ahmedabad, there is a 46 per cent dip in the number of new residential housing units that were launched in the city, says a latest report by global consultants Cushman & Wakefield (C&W). The city is among the country’s top two housing markets - just behind Bangalore - that has been seeing a maximum dip in launch of new houses in the last one year.
West Bengal is likely to witness a huge growth in demand for affordable housing units as a government's task force has suggested revisions in the eligibility criteria for affordable housing schemes. Already the state has an estimated shortage of 12 lakh residential units for economically weaker section and medium income groups.
In Gujarat, the Ahmedabad Municipal Corporation (AMC) is also to launch affordable housing units in the city. The civic body will launch 10,000 units for lower income group and economically weaker section of the society. Already Gandhinagar Urban Development Authority, Gujarat Housing Board and Ahmedabad Urban Development Authority have got into building affordable homes to the poor.