Government preparing new affordable housing policy, Credai says
In short
The government is working on a new affordable housing policy, and Credai says it may come in the next six months. Credai wants the ₹45 lakh price cap removed and only size rules kept.
This could change how affordable homes are classified and sold. The final rules, and whether the government will accept the request, are not stated in the available reporting.
What the reporting says
The government is preparing a new affordable housing policy expected within the next six months, according to Credai. Credai has urged revisions to the definition of affordable housing and asked the government to remove the ₹45 lakh per-unit price cap while keeping only size criteria. The immediate outcome and final policy text are not stated in the available reporting.
Why it matters
The government is preparing a new affordable housing policy, and Credai says it may arrive within six months. Credai wants the definition revised and the ₹45 lakh per-unit cap removed, keeping size criteria instead. This matters to builders, homebuyers, and housing-market policy, but the reporting does not state what the government will ultimately include or approve.