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  • Mastering the Art of Personal Finance: 5 Strategies to Achieve Financial Freedom

    Personal Finance

    Personal Finance

    Are you tired of living paycheck to paycheck, constantly worrying about your financial situation? Do you dream of achieving financial freedom and living a life of abundance? If so, then mastering the art of personal finance is the key to unlocking the life you’ve always desired. In this fast-paced world where financial stability is crucial, it’s essential to take control of your money and make it work for you. In this article, we will explore five powerful strategies that will help you pave the way towards financial freedom. From budgeting and saving to investing and building multiple income streams, we will delve into the practical steps that can transform your financial situation. Get ready to embark on a journey that will empower you to take charge of your finances, eliminate debt, and build wealth for a brighter future. It’s time to break free from the chains of financial stress and unlock the door to financial freedom. So, let’s dive in and discover the secrets to mastering the art of personal finance.

    The Importance of Personal Finance

    Personal finance is not just about managing your money; it’s about taking control of your financial destiny. It’s about making conscious decisions that align with your goals and values, so you can achieve financial freedom and live the life you desire. Without a solid understanding of personal finance, it’s easy to fall into the trap of living paycheck to paycheck, drowning in debt, and feeling trapped by your financial circumstances.

    By mastering the art of personal finance, you gain the power to create a better future for yourself and your loved ones. You can break free from the cycle of financial stress and start building wealth. Personal finance empowers you to make informed decisions about how to earn, save, invest, and spend your money. It allows you to take control of your financial destiny and create a life of abundance and freedom.

    Setting Financial Goals

    One of the first steps towards achieving financial freedom is setting clear and realistic financial goals. Without goals, it’s challenging to stay motivated and make progress towards improving your financial situation. Setting financial goals helps you define what you want to achieve and provides a roadmap for your financial journey.

    When setting financial goals, it’s essential to be specific, measurable, achievable, relevant, and time-bound (SMART). For example, instead of setting a vague goal like “save more money,” you could set a specific goal like “save $10,000 for a down payment on a house within two years.” By setting SMART goals, you can break them down into smaller, manageable steps and track your progress along the way.

    Budgeting and Tracking Expenses

    Budgeting is a fundamental tool for managing your finances effectively. It allows you to create a spending plan that aligns with your financial goals and helps you make informed decisions about how to allocate your money. By tracking your expenses, you can identify areas where you may be overspending and find opportunities to save.

    To create a budget, start by listing all your sources of income and categorizing your expenses. Be sure to include both fixed expenses (such as rent or mortgage payments) and variable expenses (such as groceries or entertainment). Once you have a clear overview of your income and expenses, you can determine how much you can allocate towards savings and investments.

    Tracking your expenses is equally important as budgeting. By keeping track of every dollar you spend, you become more aware of your spending habits and can identify areas where you can cut back. There are various budgeting apps and tools available that can help you simplify the process and stay on top of your finances.

    Saving and Investing for the Future

    Saving and investing are crucial for building wealth and securing your financial future. Saving allows you to set aside money for emergencies, future expenses, and long-term goals. It provides a safety net and helps you avoid falling into debt when unexpected expenses arise.

    When it comes to saving, it’s important to pay yourself first. This means setting aside a portion of your income for savings before paying your bills or indulging in discretionary spending. Automating your savings by setting up automatic transfers from your checking account to a savings account can help you make saving a habit.

    Investing, on the other hand, allows your money to work for you and grow over time. It involves putting your money into various investment vehicles, such as stocks, bonds, mutual funds, or real estate, with the expectation of earning a return. Investing can help you beat inflation and build wealth over the long term.

    Managing Debt and Credit

    Debt can be a significant obstacle on your path to financial freedom. High-interest debt, such as credit card debt or personal loans, can eat away at your income and make it difficult to save or invest. That’s why managing debt is an essential part of mastering personal finance.

    Start by creating a plan to pay off your debts systematically. There are two popular approaches: the snowball method and the avalanche method. The snowball method involves paying off your debts from smallest to largest, regardless of interest rates. The avalanche method, on the other hand, focuses on paying off debts with the highest interest rates first.

    In addition to managing debt, it’s important to build and maintain good credit. Your credit score plays a significant role in your financial life, affecting your ability to get loans, secure favorable interest rates, and even rent an apartment. Make sure to pay your bills on time, keep your credit utilization low, and review your credit report regularly to identify and correct any errors.

    Tips for Increasing Income and Reducing Expenses

    Increasing your income and reducing expenses are two strategies that can accelerate your journey towards financial freedom. By finding ways to earn more money and cutting back on unnecessary expenses, you can create more room in your budget for saving, investing, and paying off debt.

    Look for opportunities to increase your income, such as taking on a side hustle, freelancing, or starting a small business. Explore your skills and passions to find ways to monetize them. Additionally, consider negotiating a raise or seeking career advancement opportunities within your current job.

    Reducing expenses is equally important. Analyze your spending habits and identify areas where you can cut back. Consider implementing cost-saving measures, such as cooking at home instead of eating out, canceling unnecessary subscriptions, or negotiating lower bills. Small changes can add up over time and make a significant difference in your financial situation.

    Strategies for Achieving Financial Freedom

    Achieving financial freedom requires a combination of discipline, patience, and strategic planning. It’s not an overnight process but a journey that requires consistent effort and commitment. Here are a few strategies that can help you on your path to financial freedom:

    1. **Set clear financial goals**: As mentioned earlier, setting specific and measurable goals is crucial for staying motivated and making progress towards financial freedom. Whether it’s paying off debt, saving for retirement, or achieving a certain level of net worth, having clear goals provides direction and purpose.

    2. **Create a comprehensive financial plan**: A financial plan serves as a roadmap for your financial journey. It encompasses your goals, budget, savings, investments, and strategies for managing debt. Developing a well-thought-out plan can help you stay organized and make informed decisions about your finances.

    3. **Diversify your income**: Relying on a single source of income can be risky. Building multiple streams of income can provide stability and financial security. Consider exploring different income-generating opportunities, such as investing in real estate, starting a side business, or investing in dividend-paying stocks.

    4. **Stay informed and educated**: The world of personal finance is constantly evolving. It’s important to stay informed about the latest trends, strategies, and investment opportunities. Read books, listen to podcasts, and follow reputable financial experts to expand your knowledge and make informed decisions.

    5. **Practice patience and discipline**: Achieving financial freedom takes time and requires discipline. It’s important to stay focused on your goals and resist the temptation to make impulsive financial decisions. Remember that small, consistent actions can lead to significant results over time.

    Resources for Learning About Personal Finance

    If you’re new to personal finance or want to expand your knowledge, there are various resources available to help you on your journey. Here are a few recommendations:

    – Books: “Rich Dad Poor Dad” by Robert Kiyosaki, “The Total Money Makeover” by Dave Ramsey, and “The Intelligent Investor” by Benjamin Graham.

    – Podcasts: “The Dave Ramsey Show,” “ChooseFI,” and “Afford Anything.”

    – Online Courses: Udemy and Coursera offer a wide range of personal finance and investing courses taught by industry experts.

    – Financial Blogs and Websites: Investopedia, NerdWallet, and The Balance provide valuable information and resources on personal finance topics.

    Seeking Professional Help for Financial Planning

    While self-education is essential, there may come a time when seeking professional help is necessary. Financial advisors and planners can provide personalized guidance based on your unique financial situation and goals. They can help you create a comprehensive financial plan, optimize your investment strategy, and navigate complex financial decisions.

    When choosing a financial advisor, make sure to do your research and select someone with the appropriate credentials and experience. Look for certifications such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) and read reviews or testimonials from their clients.

    Conclusion

    Mastering the art of personal finance is a transformative journey that can lead to financial freedom and abundance. By implementing the strategies outlined in this article, you can take control of your finances, eliminate debt, build wealth, and create the life you desire. Remember, achieving financial freedom requires discipline, patience, and a commitment to lifelong learning. So, take the first step today and start your journey towards financial independence. The future is yours to create.

    A brief study on the impact on housing finance in the Pandemic

  • Examining Adani Group: Uncovering Challenges in Corporate History Faced by One of the Wealthiest Individuals

    Image Source: Unsplash

    Chapter 1: An Introduction to Gautam Adani and the Adani Group

    India’s most affluent personality, Gautam Adani, and his gargantuan conglomerate, the Adani Group, have recently been in the spotlight for all the wrong reasons. With a net wealth of roughly $118 billion as of April 2022, Adani has grown his fortune astronomically over the past three years, primarily due to the meteoric rise of his key listed companies’ share prices.

    Adani, a self-starter who commenced his career as a commodity trader in the 1980s, eventually established the Adani Group in 1988. The conglomerate rapidly morphed into a behemoth private infrastructure empire that manages ports, airports, and coal mines across India and the globe. The group’s impressive portfolio also includes data and cable centers and defense goods manufacturing. It has ambitious plans to invest $70 billion in green energy businesses in the forthcoming year.

    Despite Adani’s remarkable success, it has not been without controversy. The company’s rapid growth has often been attributed to generous government concessions, largely because of Adani’s close association with India’s ruling Bharatiya Janata Party.

    Chapter 2: Unraveling Hindenburg’s Findings

    Recently, activist investment firm Hindenburg Research released a damning report accusing the Adani Group of “brazen” stock manipulation and accounting fraud amounting to $218 billion. The report’s allegations are severe, claiming that the Adani Group engaged in stock price manipulation and accounting fraud over the course of decades.

    Hindenburg’s findings suggest that even if one were to accept the financials of the Adani Group at face value, its seven main listed companies would face an 85% downside purely based on fundamentals, given their sky-high valuations. The report also warns that the group’s significant debt puts the conglomerate on shaky financial ground.

    Chapter 3: The Adani Family and their Alleged Involvement

    The Hindenburg report names several members of the Adani family, including Gautam Adani’s brothers, Rajesh and Vinod Adani, as well as associates of the Adani Group, allegedly involved in significant bribery and tax evasion cases.

    Members of the Adani family have been the subjects of past corruption investigations carried out by the Securities and Exchange Board of India (SEBI) and the Directorate of Review Intelligence. The Hindenburg report claims that Adani family members allegedly cooperated in the creation of offshore shell entities worth $4.5 billion through forged documents, primarily in tax-haven jurisdictions like Mauritius, the UAE, and the Caribbean islands.

    Chapter 4: The Offshore Shell Game

    The report presents evidence of a complex web of offshore shell entities controlled by Vinod Adani or close associates. Thirty-eight such entities were identified in Mauritius alone, with additional entities found in Cyprus, the UAE, Singapore, and several Caribbean Islands. These entities, despite having no visible signs of operations, have collectively moved billions of dollars into Indian Adani publicly listed and private entities, often without the requisite disclosure of the related party nature of the deals.

    Chapter 5: Stock Manipulation and Money Laundering Allegations

    The shell entities associated with Vinod Adani are suspected of serving multiple functions, including stock manipulation and money laundering. The goal appears to be to funnel money from Adani’s private companies onto the listed companies’ balance sheets to maintain the appearance of financial health and solvency.

    Chapter 6: Potential Breach of SEBI’s Rules

    Publicly listed companies in India are subject to rules requiring disclosure of all promoter holdings. Rules also mandate that listed companies have at least 25% of the float held by non-promoters to mitigate manipulation and insider trading. Four of Adani’s listed companies are on the brink of the delisting threshold due to high promoter ownership.

    Chapter 7: The Role of Offshore Funds

    Hindenburg’s research indicates that offshore shells and funds tied to the Adani Group comprise many of the largest “public” holders of Adani stock. This issue could subject the Adani companies to delisting if the Indian securities regulator, SEBI’s rules, were enforced.

    Chapter 8: The Adani Group’s Defense

    In response to the allegations, Adani Group’s chief financial officer, Jugeshinder Singh, issued a statement calling the report a “malicious combination of selective misinformation and stale, baseless, and discredited allegations.” The conglomerate did not address specific allegations in its official statement but said it has always been in compliance with the law.

    Chapter 9: Possible Legal Repercussions

    Adani Group has hinted at pursuing legal action against Hindenburg. It is evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research.

    Chapter 10: The Aftermath and Implications

    The repercussions of the report have been significant, causing a dip in Adani’s personal wealth and a significant decline in Adani Group’s stock prices. The report also raises serious questions about corporate governance, regulatory oversight, and the use of offshore entities for financial manipulation.

    As the saga continues to unfold, it serves as a stark reminder of the urgent need for increased transparency and accountability in corporate dealings, especially for companies of such monumental scale as the Adani Group.

    In conclusion, the Adani Group’s narrative underscores the importance of robust corporate governance structures and regulatory oversight in safeguarding the interests of shareholders and maintaining the integrity of financial markets. As the world continues to scrutinize the unfolding drama, the final verdict remains to be seen.

    You may be interested: The Ultimate Guide to Financial Modeling: Everything You Need to Know – Click Virtual University (clickuniv.com)

  • The Ultimate Guide to Financial Modeling: Everything You Need to Know

    Image Source: Unsplash

    Introduction

    Financial modeling is a crucial tool used by finance professionals and business executives to make informed decisions and project future financial performance. In this comprehensive guide, we will explore the various aspects of financial modeling, including its definition, types, uses, and the importance of accurate modeling in the world of finance.

    What is Financial Modeling?

    At its core, financial modeling is the process of creating an abstract representation of a real-world financial situation. It involves building mathematical models that estimate the performance of financial assets, businesses, projects, and investments. These models are typically created using spreadsheet software, with Microsoft Excel being the most popular choice due to its flexibility and customization options.

    Financial models are designed to forecast future cash flows, determine financing requirements, evaluate the value of a company or assets, and guide investment decisions. They serve as a roadmap for business leaders, providing insights into the potential financial outcomes of various strategies and initiatives.

    The Importance of Financial Modeling

    Financial modeling plays a crucial role in the finance industry for several reasons. First and foremost, it enables finance professionals to make smarter financial decisions. By creating models that consider various factors and scenarios, they can assess the potential risks and rewards of different strategies and choose the optimal course of action.

    Secondly, financial modeling helps identify the least bad decision in situations where positive outcomes may be limited. In such cases, accurate modeling allows decision-makers to evaluate the potential consequences of each option and choose the one that minimizes negative outcomes.

    Lastly, financial models provide investors, partners, and lenders with confidence in the strength of a business. By presenting a well-constructed financial model, companies can demonstrate their viability and attract the necessary funding for growth and expansion.

    Types of Financial Models

    Financial modeling encompasses various types of models, each serving a unique purpose. Let’s explore some of the most commonly used financial models:

    1. Three-Statement Model

    The three-statement model is the simplest and most widely used financial model. It incorporates a company’s three most important financial statements: the income statement, balance sheet, and cash flow statement. By analyzing these statements, businesses can gain insights into their profitability, net worth, and cash flow.

    The income statement, also known as the profit and loss (P&L) statement, provides a snapshot of a company’s revenue, expenses, and net income over a specific period. The balance sheet showcases a company’s assets, liabilities, and shareholders’ equity, providing a snapshot of its financial position at a given time. Lastly, the cash flow statement outlines the inflows and outflows of cash, helping businesses monitor their liquidity and cash management.

    The three-statement model serves as the foundation for more advanced financial models, enabling businesses to project future financial performance based on historical data.

    2. Discounted Cash Flow (DCF) Model

    The discounted cash flow (DCF) model is a valuation model commonly used in equity research. It estimates a company’s unlevered free cash flow and calculates its net present value (NPV). By discounting future cash flows back to their present value, the DCF model determines the intrinsic value of a company or investment.

    The DCF model takes into account the time value of money, assuming that cash received in the future is worth less than the same amount received today. This model helps analysts determine whether a company is undervalued or overvalued in the stock market, making it a valuable tool for investment decisions.

    3. Mergers and Acquisitions (M&A) Model

    The mergers and acquisitions (M&A) model is used to evaluate the financial viability of a pro forma merger between two companies. It estimates the potential synergies, cost savings, and financial impact of the merger, helping decision-makers assess the profitability and strategic value of the transaction.

    The M&A model considers various factors such as projected revenue growth, cost reductions, and changes in market share to determine the potential financial outcomes of the merger. It enables companies to make informed decisions regarding potential acquisitions and identify opportunities for growth and expansion.

    4. Budget Model

    A budget model is a financial model used for financial planning and analysis (FP&A). It helps businesses create a comprehensive budget for a specific period, typically 3 to 5 years. The budget model considers various revenue streams, expenses, and financial goals to provide a roadmap for financial planning and resource allocation.

    By analyzing the budget model, companies can make informed decisions about resource allocation, cost management, and revenue generation. It helps align financial goals with operational strategies and provides a framework for monitoring and controlling financial performance.

    5. Forecasting Model

    Similar to the budget model, a forecasting model is used in FP&A to project future financial performance based on historical data and assumptions. It helps companies anticipate potential outcomes, identify trends, and adjust their strategies accordingly.

    A forecasting model considers various factors such as market conditions, industry trends, and internal capabilities to provide insights into the potential financial future of a business. It enables companies to make proactive decisions, adapt to changing market dynamics, and seize opportunities for growth.

    The Process of Financial Modeling

    Effective financial modeling involves a systematic process that encompasses several key steps. Let’s explore the typical process of creating a financial model:

    1. Define the Objective

    Before diving into the modeling process, it’s crucial to clearly define the objective of the financial model. Determine the specific questions you want to answer and the insights you hope to gain from the model. This will guide your modeling approach and ensure that the model aligns with your goals.

    2. Gather Data

    The next step is to gather the necessary data to populate the model. This includes historical financial statements, market data, industry trends, and any other relevant information. Ensure that the data is accurate, reliable, and up-to-date to ensure the accuracy of your model’s projections.

    3. Structure the Model

    Once you have the data, it’s time to structure the model. This involves organizing the data into appropriate sections, creating formulas and calculations, and setting up the necessary assumptions and inputs. Consider using Excel templates or financial modeling software to streamline the modeling process and ensure consistency.

    4. Build Formulas and Calculations

    The heart of a financial model lies in its formulas and calculations. This is where you translate the data and assumptions into projections and forecasts. Use Excel functions and formulas to perform calculations such as revenue growth rates, expense ratios, and cash flow projections. Double-check your formulas to avoid any errors that could impact the accuracy of your model.

    5. Validate and Test the Model

    Once the model is built, it’s crucial to validate and test its accuracy. Compare the model’s projections with historical financial data to ensure that it aligns with past performance. Conduct sensitivity analysis by changing key assumptions to assess the impact on the model’s outputs. This helps identify potential risks and uncertainties and ensures that the model provides reliable insights.

    6. Interpret and Communicate Results

    After validating the model, it’s time to interpret the results and communicate them effectively. Present the findings in a clear and concise manner, using visualizations such as charts and graphs to enhance understanding. Clearly explain the assumptions, limitations, and potential risks associated with the model to ensure that stakeholders have a comprehensive understanding of the results.

    Conclusion

    Financial modeling is a powerful tool that enables finance professionals and business executives to make informed decisions, project future financial performance, and evaluate investment opportunities. By utilizing various types of financial models, businesses can gain insights into their financial future, identify risks and opportunities, and optimize their strategies for success. Remember to approach financial modeling with care, ensuring the accuracy of data, assumptions, and calculations to maximize the reliability and usefulness of your models.

    You may be interested in: Environmental Accounting: A Comprehensive Guide to Green Accounting Practice – Click Virtual University (clickuniv.com)

  • A brief study on the impact on housing finance in the Pandemic

    housing finance
    housing finance

    Dr S Chinnathambi

    Professor of Finance, Department of Commerce, B S Abdur Rahman Crescent Institute of Science and Technology

    Introduction

    There are three elemental and essential human beings’ needs to live in this universe: food, clothing, and shelter. Though food and clothing satisfy physiological desires, shelter meets the need for safety and security. The need for housing is an ever-expanding one in the present situation. With the rising incomes, better educational facilities foremost to sophisticated types of living and growing population, need for homes, relatively better houses are touched progressively. Circumstances are not being denied because the eminence of life of the people depends upon the excellence of housing amenities available to the people. People’s economic well-being is consequential by robust and hygienic housing situations.

    The popular enactment of the National Housing Policy of the Central Government and Reserve Bank of India has been helping the movement of credit to the housing finance sector. Subsequently, housing has emerged as one of the sectors attracting huge importance to bank finance. The current focus of RBI’s regulation is to safeguard arranged growing of housing loan portfolios of banks.

    Economic Growth in the recent scenario

    Recent scenario, for India to reach balanced economic growth, it is indispensable to increase construction activity in the housing sector. Subsequently, Independence growth in the Indian population has intensified the problem of housing for Indian inhabitants. Conferring to the population census of 2001, out of the total population of 1027 million, around 742 million people live in some rural areas, and 285 million live in urban areas. The urban populace accounted for 27.8% of the whole population, whereas it was 25.7% below the 1991 census.

    Housing Finance
    Housing Finance

    The government of India has taken a sequence of Initiatives for the growth of Housing and urban infrastructure. The National Housing and Habitat Policy 1998 accentuates “housing for all” by the end of 2007. The Government of India has been altering the housing sector into an engine of economic growth over functional policies and a mass of initiatives with the extension of assistance u/s 80 I to figure housing schemes, arguing of Urban Land Ceiling Act, improved rebates for housing loans, increased depreciation for employee housing, lower interest rates, securitization of housing loan, etc.

    Impact on housing finance during the Covid-19 

    Housing sector development will be seriously impacted and is not likely to resuscitate till the economy displays any sign of development. Pressure on housing loans, predominantly affordable housing loans, will increase.

    No one knows when the coronavirus disaster will end. Nations are rushing to find ways to comprise the spread and find a cure as economists and policymakers attempt to assess impairment from the pandemic, whose impact on the world’s economy is supposed to be poorer than that of the 2008 global recession.

    In India, one of the sector’s maximums affected by the outbreak and the subsequent lockdown is real estate and housing finance. Earlier, we looked at the impact of the crisis on the housing sector. Let’s realize how the sector had been done before the pandemic.

    The go-slow in real estate and housing finance initiated after the IL&FS crisis, the liquidity crunch in housing finance firms, and non-banking financial companies (NBFCs) impacted construction happenings. Things better slash after the government and the central bank interfered. Housing finance did not pick up as probably due to low demand as the economy reduced post the 2020 financial year Budget. There is a huge unsold housing inventory piled up completed the past four years in nine major cities.

    The government acquired a slew of measures to resuscitate the economy and the real estate sector by setting Alternate Investment Fund of ₹25,000 crores to offer last-mile funding to near 1,600 stalled projects at different stages, increasing Income tax exemption on housing loans of ₹ 2.5 lakh to ₹ 3.50 lakh for inexpensive housing, and countless other measures to the improvement of supply and demand.

    Whatsoever noticeable uptick the measures had brought around has been wiped out by the coronavirus pandemic. The economy of all sectors is badly successful with immediate high influence on domestic service sectors such as tourism, aviation, hospitality, small business, retail, auto/taxi, food, and beverages, etc.

    The government of India has taken adequate steps to comprise the spread of the virus. It has also proclaimed immediate support for farmers, building construction workers, and migrant laborers from different parts of India—most impacted by the lockdown and the economic standstill.

    Smooth if the lockdown is boosted, the economy will take ample time to get back to normal. Here there is bound to be massive unemployment successful onward. Despite its tight fiscal position, the government is likely to declare another package for numerous sectors, but there is no supplementary way out.

    The complication of the Real Estate sector

    In India, the financial sector will be the most hit due to complications in the real estate sector. Non-performing assets are set to increase, and liquidity will be poorly hit. The Reserve Bank of India (RBI) took extraordinary steps, proposing to infuse ₹ 3.74 lakh crore liquidity done a cash-reserve-ratio cut of 1%, beset long-term repo auction, marginal liquidity capability, a deep repo rate cut of 75 bps, and further prominently permitting a three-month moratorium on all-term loans and working capital. This will provide a break to all those borrowers whose cash flow was impacted due to Covid-19. Banks and financial institutions, and HFCs/NBFCs will be bright to defer non-performing assets appreciation.

    Growth of the housing sector

    Housing sector growth will be heavily obstructed and is not likely to recover till the economy demonstrates any sign of improvement. Strain in the housing loan, particularly in reasonable Housing, will rise. Establishments that have large exposures to small businesses and informal sectors will see little complex stress for a few months due to a fall in demand and the declining ability to repay. Nevertheless, many small businesses serve the common man and henceforth have more flexibility to revive soon as the situation gets regular.

    Also, it depends on how dissolute workers who have gone back to their villages return to work. General, housing development in 2021 will be like the year 2020, and more depends on coordinated with RBI and the government of India. The repo rate cut of 75 bps has completed home loans from banks ample inexpensive.

    Property tariffs are also expected to be cut by developers by 10% – 15%, hereafter the demand for Housing by Organised segment employees for houses of ₹ 25 lakh to ₹ 75 lakh is expected to recover soon after once the lockdown ends. But, low-income affordable housing demand will take slightly more time and will depend much on government sustenance.

    Conclusion

    Individuals who determine this housing sector will find it tough to manage their own contribution, which has now become more problematic. The government pinches the present procedure for the release of applicable credit-linked subsidy to known beneficiaries through lenders before loan distribution. The modification will revive affordable housing growth as imagined in Housing for all by 2022. 

    References:

    1. DEO SHANKAR TRIPATHI,   “The Covid-19 impact on housing finance” The author is managing director and CEO, Aadhar Housing Finance, Apr 8, 2020. https://www.fortuneindia.com/opinion/the-covid-19-impact-on-housing-finance/104410
    1. By Manoj Viswanathan Chief Executive Officer and Managing Director Home First Finance Company Jun 30, 2020. https://www.99ac res.com/articles/the-impact-of-covid-19-on-housing-finance.html
    1. SUNITA MISHRA “Impact of Coronavirus on Indian real estate” https://housing.com/news/impact-of-coronavirus-on-indian-real-estate/ DECEMBER 7, 2021
    1. Ashwani Kumar Bhalla, Dr. Pushpinder Singh Gill and Dr. Parvinder Arora “Housing Finance in India: Development, Growth and Policy implications” PCMA Journal of Business, Vol.1, No.1 (December, 2008) 51-62
    1. Media Reports, Press releases, Knight Frank India, VCEdge, JLL Research, CREDAI-JL, Union Budget 2021-22 https://www.ibef.org/industry/real-estate-india.