AFFORDABLE HOUSING ……….the panacea for growth?

Indian govt has already done a mini QE in the form of DBT and dismantling of APMC which is leading to money flowing to bottom of the pyramid instead of few middleman and this could will have a multiplier effect

on top of this … the expansion of the affordable housing market from under 0.1 per cent to nearly 5-10 per cent of the population means that India’s growth revival will be more broad based led by real estate and construction investments

R Jagannathan writes …The focus for builders has shifted from housing for the upper class to affordable housing.

Real estate has one of the biggest employment multipliers, since not only will construction workers get jobs, but a whole host of related industries – from furniture to household gadgets to interior decoration – will see higher demand. Not only that, rising real estate investment also means higher demand for steel, cement and building materials, all of which will improve overall growth.

Indian govt has already done a mini QE in the form of DBT and dismantling of APMC which is leading to money flowing to bottom of the pyramid instead of few middleman and this could have a

 

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Ritesh Jain