High Costs Threaten Viability of Affordable Housing in India
1 report, 1 independent
Updated Sun 00:00
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What happened
Real estate tycoon Niranjan Hiranandani warned that affordable housing in India has become economically unviable. He attributed this to soaring land prices, construction costs, and government charges. Hiranandani cautioned that the crisis could deepen over the next few years unless policy interventions are introduced.
From businesstoday.in
Why it matters
The warning highlights structural challenges within the Indian real estate sector. Hiranandani stated that the industry's inability to deliver affordable homes is becoming a serious economic and social challenge.
From businesstoday.in
Who's involved
- Niranjan HiranandaniIndian businessman who warned that high costs are making affordable housing unviable.
- MumbaiLocation where Niranjan Hiranandani spoke at the Rising Bharat Summit.
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The entities involved
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Niranjan Hiranandani
Indian businessman
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