CREDAI urges government for change in definition of affordable housing

India's real estate sector is projected to reach $4.8 trillion by 2047. CREDAI proposes increasing the affordable housing threshold to Rs 90 lakh. They also suggest flexible GST options for developers. The industry body emphasizes the need for streamlined land acquisition policies and planned satellite towns. PropTech is expected to grow significantly, reaching $600 billion by 2047.
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