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The Indian real estate sector has been an important growth driver to our economy for the last two decades. The industry started its journey by focusing to construct upscale to mid –budget housing primarily in the metropolitan and Tier I cities. As urbanization became the fancy of an average Indian the sector started focusing on building ultra luxary housing, shopping complexes, theme parks, entertainment zones amongst others. With the passage of time the dynamics of the sector started changing and the focus started shifting towards tier II cities. That had virtually laid the foundation stone for Mass Housing Project. It is indeed a giant stride taken by the current union government to launch “Housing for all by 2022 Mission”, so that every fellowcitizen has a roof over his head. Indian Private sector has to be equally responsible for ensuring the practical realization of the same.
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11 February 2016