Affordable housing cap needs rethink, says Credai's Shekhar Patel

Q: How long will it take to read this news story?

The story "Affordable housing cap needs rethink, says Credai&#039;s Shekhar Patel" has 110 words across 4 sentences, which will take approximately 1 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Affordable housing cap needs rethink, says Credai&#039;s Shekhar Patel" was covered 1 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 110 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28749249</li><li>URL: https://glen.beamstart.com/news/affordable-housing-cap-needs-rethink-1747417456793</li></ul>

Business Standard Logo Business Standard 1d ago

Affordable housing cap needs rethink, says Credai's Shekhar Patel - Business Standard

Quick Summary:

Need More Information - write to us at assist@bsmail.

There should not be a price limit,” Patel, who is also the managing director of Ahmedabad-based Ganesh Housing Corporation, told Business Standard.

With escalating housing costs, the government should reconsider the ₹45 lakh cap defined by the government for affordable housing, which was last set in 2019, said Shekhar Patel, president of the Confederation of Real Estate Developers Associations of India (Credai).“The ₹45 lakh home in 2019 has now become ₹75 lakh, according to the Reseve Bank of India’s housing price index and other data that show that the costs have escalated.