Ahmedabad In a brainstorming session on Opportunities and Challenges in Finance and Banking for Real Estate Sector on Wednesday, banking experts told real estate developers to realise their social responsibility of providing affordable housing to the masses.
Held under the aegis of the Gujarat Chamber of Commerce and Industry (GCCI) and Gujarat Institute of Housing and Estate Developers (GIHED) at Hotel Grand Bhagwati, stress was also laid on providing cost-effective housing for the low income groups, as this had remained largely unexplored.
According to GIHED vice-president Suresh Patel, a developer, this was because in the boom period of the last four years, majority of big players had worked towards meeting the needs of only top 12 per cent of the market. He felt affordable housing at lowest rate was possible.
More : expressindia.com
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