Maharashtra government aims to build 10 lakh affordable homes in Mumbai Metropolitan Region

Aggressive affordable housing development plans augur well for the consumers and real estate developers in the region

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The government of Maharashtra is looking at building at least 10 lakh affordable homes in the Mumbai Metropolitan Region (MMR) and 5 lakh affordable homes across rest of the state. For executing these projects, it intends on partnering with efficient private players for smooth & speedy execution.

Why is this important

  • Government’s intent to build affordable homes is a big boost for infrastructure in the region.
  • Consumers & developers to be the biggest beneficiaries of this move.
  • Urban demand & supply gap especially in LIG category to narrow down.
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Source: IBEF

Stocks to be impacted

Oberoi Realty Ltd (CMP Rs. 525, M Cap Rs. 17,836 Cr., 11x FY20E) and Hubtown (CMP Rs. 66, M Cap Rs. 480 Cr., EV/EBITDA 6.4x TTM) are some of the players to be impacted.

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