The Maha Vikas Aghadi's proposed 50% housing quota for Marathi Manoos has sparked debate in the real estate industry.
Maharashtra NewsReal Estate IndustryMarathi ManoosMaha Vikas AghadiShiv SenaReal Estate MumbaiJun 28, 2024
The Maha Vikas Aghadi has proposed reserving 50% of flats in new projects for the Marathi manoos.
The industry is governed by demand and supply, and reserving 50% of flats for a specific group would disrupt the market dynamics.
Experts argue that the policy is unconstitutional and would not stand legal scrutiny.
The policy could lead to a shortage of affordable housing options for non-Marathi speakers, ultimately affecting the overall growth of the industry.
The real estate sector is a significant contributor to the state's revenue, and any policy that affects the industry's growth would have far-reaching consequences on the state's economy.
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