Affordable housing @ Rs 55 Lakhs?

It has been reported that the central government may set the minimum price for affordable housing at Rs 55 lakhs. Until now, this rate has been Rs 45 lakhs, and it is expected to be increased to Rs 55 lakhs soon. If this comes into effect, it could pave the way for middle-class people in secondary and tertiary cities to realise their dream of owning a home.

It is known that G. Haribabu, the National President of NAREDCO, has mentioned this issue on several occasions. He stated that since there is only a small percentage of GST on these projects, it would greatly benefit the general public.