Rohit Raina

4600

Real Estate sector in Ahmedabad is a booming sector. The city ranks at number eight in the residential launches and absorption trends in the country. This booming Residential Real Estate demand in the city poses challenges to the city ULB to properly manage the incoming population as well as to serve the current population with basic infrastructure services and Housing. A major population of EWS and LIG households migrating to the city of Ahmedabad for better job opportunities find the only affordable housing in slums.The state of Gujarat adapts this particular vertical under its slum rehabilitation scheme (SRS) of 2013.These policy frameworks have allowed the developers to venture into EWS and LIG projects as compared to their earlier projects which catered to only the Middle income and higher income groups. Therefore, venturing into Slum redevelopment projects provides a new avenue for Real Estate industry.