Low-cost Housing a very big opportunity in realty: Deloitte report

By Accommodation Times News Service

According to recent report by multi national CA firm Deloitte stated that low income urban families need 15 million homes in a price range of Rs 4-10lakh presenting an untapped opportunity of a whopping Rs 9lakhcrore for real estate developers. Statistics says that there were at least 30,500 housing units were launched below Rs 10lakh by the developers across the cities of which Gujarat has maximum number. The report also stated that there is an increase interest in supplying f housing and housing finance for the low income customers, govt. is effortlessly trying to increase the measure for the LIG and EWS to provide them affordable housing. But there has been a huge gap between supply and need stated the State of Low Income Housing Market.

At present it is estimated that the demand of 15 million homes. The housing finance which was almost non-existent from many years has suddenly been activated and accessible with 10 housing finance firms lending loans to customers. The report highlighted that three cities Ahmadabad, Mumbai and Indore are now leading in providing housing below Rs 10lakh. The report also stated that western and central states are doing.

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