BREAKINGVIEWS-India’s $1.3 trln housing boom has a solid frame
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By Una GalaniMUMBAI, June 22 (Reuters Breakingviews) - Indian developers are going downmarket. Luxury homebuilders are shifting their attention to cheap housing. Demand is strong thanks to a raft of
government incentives. A boom could provide a big fillip to the economy, creating demand for everything from cement to home furnishings.
Prime Minister Narendra Modi has promised "Housing for All" by 2022. The scheme aims to create 50 million new low-cost homes in a country where an estimated one quarter of urban dwellers live in slums and other informal housing. Demand for small homes is growing with the population, and as young families favour living as nuclear units, rather than with many of their relatives.
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Source : BREAKINGVIEWS-India's $1.3 trln housing boom has a solid frame