“India’s COVID-19 vaccination drive surpasses 1 billion doses, marking a significant milestone in the fight against the pandemic.”

The real estate market in India is witnessing a surge in demand for affordable housing projects. Affordable housing has become a primary focus for both developers and homebuyers due to the government’s initiatives such as Pradhan Mantri Awas Yojana (PMAY) and the implementation of Real Estate Regulation and Development Act (RERA). These developments have led to an increase in the construction of budget-friendly homes across the country. Cities like Mumbai, Delhi, Bangalore, and Hyderabad are seeing a rise in the number of affordable housing projects being launched to cater to the growing demand. The COVID-19 pandemic has also played a significant role in reshaping the real estate landscape, with more people looking for homes that offer comfort, security, and affordability. Developers are now offering various amenities and facilities in affordable housing projects to attract buyers. The government’s push for affordable housing and the changing preferences of homebuyers have made this segment of the real estate market a lucrative one for both developers and investors. With the increasing interest in affordable housing, experts predict a positive outlook for the real estate sector in India. The focus on affordable housing projects is likely to continue in the coming years, providing more options for homebuyers looking for cost-effective and comfortable living spaces.

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