Gujarat government will soon announce a new housing policy, which will provide incentives to private realtors to invest in affordable housing. Apart from financial incentives for buyers and realtors, the affordable housing segment will be given a boost through other policy measures. 

The policy will be limited to housing units under the Pradhan Mantri Awas Yojana (PMAY), state government officials said. The buyers of one lakh affordable homes are expected to benefit under the new policy, government officials said. 

A source in the government said Gujarat is one of the leading states in the country for construction of new housing units under the PMAY scheme. “However, the state government alone cannot meet the Union government’s target by 2022. The state government has thus decided to introduce a policy to incentivize affordable housing through private developers,” the source said. 

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