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