Is the housing situation in Mumbai going to get any easier for the middle class person who aspired to own a home? To find out, we invited the realty men over to discuss the situation.
The panel had Sitaram Kunte, principal secretary (housing) for the Maharashtra government; Parag Munot, director with Kalpataru Constructions; Gautam Chatterjee, CEO of Maharashtra Housing and Area Development Authority (Mhada); Vikas Oberoi, MD of Oberoi Constructions; Aditi Vijayakar, executive director (residential) at Cushman & Wakefield; Boman Irani, MD of the Rustomjee Group; Nabil Patel, director at DB Realty; Santosh Naik, CEO & MD of Disha Direct Pravin Doshi, chairman of Acme Housing and Brotin Banerjee, CEO of Tata Housing.
While rates are still high, our experts feel that prospective buyers should take advantage of the economic recession to buy now when rates are a bit lower than they were even last year. As far as affordable housing in general is concerned, it seems that a public-private partnership is the best available option.