The government is looking at various ways to boost demand in the housing sector, especially in the wake of GDP growth rate dropping to 5.3% for the third quarter of the current fiscal, with a serious look at boosting affordable homes that can generate demand.

It is also in talks with builders to devise ways to boost demand for housing.

Home loans have also slumped in the past few months, causing concern. Both as a social objective and as a means to sustain economic growth, housing is considered a crucial sector.

Hindustan Times