........“Keeping in view the demand-supply gap in the affordable housing segment, the government needs to support the sector by focusing on development initiatives such as recognising affordable housing as a priority sector for funding and providing added incentives to the lenders and developers. The RBI should consider increasing the exposure to Commercial Real Estate (CRE) segment from three per cent to at least 12 per cent and encourage the funding of SME projects in tier-I, tier-II and tier-III towns and cities to boost the segment. Such initiatives will facilitate the flow of formal credit to the sector and encourage the developers to take up more projects in the affordable housing segment,” he added...........
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