 "Niranjan Hiranandani")
The Indian real estate sector witnessed a decline in affordable housing launches and overall sales in the September quarter of 2024. Niranjan Hiranandani, managing director Hiranandani Group, in an interview in Mumbai with Prachi Pisal, spoke about the sector's prospects and the group's plans to launch a real estate investment trust (Reit) to raise funds. Edited excerpts:
Launches in the affordable segment have declined in the last few years, and at the same time, a recent survey stated that about half the buyers aren’t happy with the current affordable housing options. What is your view on it?
With the GDP
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