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2. At every conference, every seminar, every
meeting, eminent speakers from the Real Estate
Industry and Housing Finance Industry have
been speaking about the affordable housing. It is
a known fact that the demand for residential
housing is ever increasing, particularly in the
higher and lower income groups. Housing for the
poor classes is always an issue, which remains
unsolved, since no one is interested in taking up
the housing projects for these people.
3. The property developers organize, through
their associations, periodically exhibitions,
property Melas etc. in the major cities for
promoting their properties. To attract the
NRIs, exhibitions and melas are organized by
the property developers in other countries,
especially in the middle east.
4. Property developers are also more interested
in this class of buyers as the deals are
finalized quickly. The affordable housing,
about which we are talking, is applicable to
the lower middle class and poor people as
they are the main buyers.