"It's possible to own a house within ₹45-lakh bracket in nearly all the cities except Mumbai.
"We are not re-looking the affordable housing definition as of now," said the official.
Reports had suggested that the MOHUA has sent a proposal to the finance ministry to increase the affordable housing threshold - from ₹45 lakh currently to 75 lakh.
To be sure, the government defines affordable housing as a residential unit with a carpet area of 60 square metres in metros and value below 45 lakh.
In non-metros, the corresponding area is 90 square metres but the value remains the same.
Experts said that construction cost alone is pushing up the prices of affordable houses significantly.
Diese Geschichte stammt aus der February 28, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der February 28, 2024-Ausgabe von Financial Express Mumbai.
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