Affordable Housing is widely gaining importance in all major cities of India. The Prestige High Fields located in Gachibowli is one of the most affordable houses for sale in Hyderabad. By buying flats in this housing project, you can automatically enjoy the best facilities at affordable rates.
The real estate sector, though, booming in India is fraught with many challenges. The land is becoming increasingly scarce in prime areas of most of the metropolitan cities. An unclear policy framework coupled with high fees and taxation, regulatory issues and corruption are restricting the much-desired projected growth of the real estate industry.
These handful problems are plaguing the real-estate sector and can be solved by implementing the regularised taxation system. Sustainable urbanization can remove many of the problems faced by the real sector. The focus should concentrate on improving connectivity and develop urban infrastructure such as creating new Metro rail, constructing highways, build mono-rail trains.
Must Read: How Investing in a Property a Good Idea?
Lack of access to financial services is another major hurdle faced by the homebuyers in India. Most of them do not possess the large capital required to purchase a house, and hence, refrain themselves from buying it due to inadequate financial solutions. However, with the introduction of favorable Government policies and coming forward of many NBFCs, the situation has improved drastically.
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