Postweek Report (28 May — 1 June)
Central Government approves construction of 1.5 lakh affordable houses for the urban poor
Growth in affordable housing finance companies
According to a report released by FICCI, affordable housing finance companies catering to low-income customers have grown at an impressive pace over the past five years. Loan books of these companies grew from close to Rs 1,000 crore in March 2013 to over Rs 27,000 crore in December 2017 and they facilitated the ownership of more than 230,000 homes.
The Central Government has approved the construction of 1.5 lakh houses for the urban poor under the Pradhan Mantri Awas Yojana — Urban (PMAY -U). This takes the total tally to 47.52 lakh housing units built so far under the program.
Read more about this latest approval in our postweek report.
You can invest in the theme with the Affordable Housing smallcase.
Infra attracts pension funds & PE firms
The infra sector has also been attracting attention of global pension funds and large private equity (PE) players. So far this year, such investors have raised $3.2 billion via 25 deals to be invested in the Indian infra sector. During the entire 2017 period such investors had raised $4.6 billion via 42 deals.
Benefit from the growth of India’s infra sector by investing with the smallcase Infra tracker. The tracker has returned 18.42% over the previous year compared to 11.23% returned by Nifty.
Read more about the infrastructure sector in our postweek report.
