Affordable housing ₹45 lakh price cap ‘not relevant’; CREDAI wants definition based on area, not price
At the 24th CREDAI NATCON, real estate developers argued that the ₹45 lakh price cap for affordable housing, set in 2019, is outdated due to rising costs. CREDAI president Shekhar Patel proposed defining affordable housing by area instead and called for policy initiatives within six months to address the declining share of affordable housing in residential sales, which has dropped from 50% to 14%.