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10 January 2018
Though in the debate he spoke against the motion, he genuinely believes that ‘Sustainable is Affordable’ for high end commercial and housing projects in India. But when it comes to a higher capital expenditure in the category of affordable housing, then for that buyer segment the housing becomes unaffordable and therefore requires some government subsidy. This is the simple point that is often not understood by many.
He also raised the point of multi-window approvals and multiple regulations controlling the working of the sector. Apart from it, he also spoke about how the dwelling unit sizes decided by the government in relation to EWS and LIG Housing ends up costing the developer more. In the end, the debate concluded with the question,