Affordable housing faces tough times on rising costs

added a post in Business

2025-05-18 19:53:12 -

Despite decreasing unsold inventory and potential demand, developers are hesitant to launch new affordable housing projects due to low conversion rates, rising construction costs, and unsustainable margins. Post-COVID impacts on lower-salaried employees and the withdrawal of government incentives have further dampened the market, leading many developers to shift away from this segment in Tamil...

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