It is imperative to motivate banks to lend to realty sector: Rajesh Krishnan, Founder, Brick Eagle

rajesh_krishnanAshvita Singh

Affordable housing is a difficult dream. While government continues to provide consumer centric sops, developers are still seen hesitant to hold the baton for PM’s ‘Housing for All’ vision. In an industry where profit is the ultimate goal, Rajesh Krishnan, Founder and CEO, Brick Eagle Group talks about how, in retrospect, developing homes for Economically Weaker Group (EWG) and Lower Income Group (LIG) is in the sector’s best interest.

Could you tell us about the Housing market in India and the need for Affordable Housing?

Government estimates housing need of 60 million units to achieve Housing for All by 2022. Rising prices of land and real estate have left the economically weaker sections with not much choice but to live in appalling conditions. Given this scenario, it is crucial that the wide gap between the urban infrastructure and Affordable Housing are dealt with.

Similar Articles

Leave a Reply