businessnewsthisweek.com-Government Policies and Housing Premiums Under Spotlight in latest Mumbai Realty Report
Finance, a financial services institution focused on the personal finance space in India, has collaborated with NAREDCO Maharashtra NextGen as the Research Partner for Excelerate 3.0. The event unveiled the research report entailing a detailed examination of Greater Mumbai’s current real estate landscape, including pricing trends, transaction volumes, and inventory levels.
The event was graced by key industry leaders and dignitaries, namely Dr. Niranjan Hiranandani, Chairman, NAREDCO National; Mr. Rajan Bandelkar, Vice-Chairman, NAREDCO National; Mr. Prashant Sharma, President, NAREDCO Maharashtra; Mr. Ridham Gada, President, NAREDCO Maharashtra NextGen; Mr. Rajesh Doshi, Secretary, NAREDCO Maharashtra, amongst other industry leaders.
In the event, Dr. Niranjan Hiranandani, Chairman, NAREDCO National highlighted a significant perspective concerning the elevated taxation and development costs imposed by the government, which favors premium housing over affordable housing for developers. This approach has resulted in a diminished interest from developers in pursuing affordable housing projects, thereby contradicting the honorable Prime Minister Narendra Modi’s vision of ‘Housing for All’.
