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A large number of low-cost housing or affordable housing developments have and are being built in India. This is boosting the growth of the Indian real estate sector. the middle-income buyers are moving towards affordable housing projects as home ownership plays prime importance to the MIG and LIG population. Better choice and low interest rates on home loans have been a major driver of greater home sales in the country. With incentives from the Indian government and RBI, it is expected that the affordable housing sector will grow multi-fold in 2022 and beyond. The PMAY and other easy bank financing processes for the affordable home segment, have been key drivers for the growth in real estate sector. Affordable homes will help accelerate the vision of "Housing for All". The Indian affordable housing sector is growing at a fast pace due to small ticket size and due to rural and young working population relocating towards semi-urban and urban cities it is expected to gain further growth.
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