Financial Express-Affordable housing too expensive for realty kings
While affordable housing becomes the buzzword in every Union Budget, the space has seen big national developers moving out, leaving the ground to only government companies such as NBCC and state-level players in tier II and III cities.
Signature Global, a Gurugram-based developer, which started on the plank of affordable housing, has not launched a single such project in the last two years. Pradeep Aggarwal, its founder and chairman, told FE that while the company was keen to take up affordable housing, there were challenges. “High land costs and increasing construction expenses have made it difficult for private developers to sustain operations without compromising on quality,” Aggarwal told FE.
