Affordable housing continues to be the most debated topic in the Indian real estate industry with the NDA government’s emphasis on providing ‘housing for all’.
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Over the last two to three years, India’s economic health had deteriorated, and the situation of the Mumbai Metropolitan Region (MMR) residential property market was no different.
A month prior to the release of the maiden budget of the new Indian government we released a report titled Is it the dawn of the Indian real estate sector, and surely it was.
With the country’s growth story having virtually come to a standstill over the last few years, the NDA’s dominance in the parliamentary elections couldn’t have come at a better time.
Chennai, the fourth largest city in India by area and the capital city of Tamil Nadu, witnessed a rather staid real estate market in 2013.