Why builders are ditching affordable homes in India
Private developers are stepping away from affordable housing due to soaring land prices, says G Hari Babu, President of India's National Real Estate Development Council. He highlights that state governments are struggling to fund housing schemes, largely because of mounting financial burdens from populist freebies. Meanwhile, India’s rapidly growing urban population is fueling the rise of slums, as the gap between demand and supply widens.
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