Financial Incentives Enhances Demand for Affordable Housing in Mumbai

Mumbai being India’s most expensive real estate market, has long encountered a dearth of affordable homes. Market trends including population growth, urbanization and the reluctance of real estate developers to cater to this target sector have been the long-term drivers of this trend. Now, with incentives from both the public and private sector increasing the… Read More

Demand has gone through the roof!

Pradhan Mantri Awas Yojana creates unusual demand in the affordable housing segment The subsidy of INR 2.20 lacs for a house costing 7 lacs is equivalent to 25% discount . Home loans have seen a sharp surge, as benchmark lending rates have come down significantly. Xrbia’s innovative” No-income-document-financing-scheme” has received an overwhelming response. If there… Read More