Affordable Housing Rules India 2026: Will ₹45 Lakh Limit Change? GST & Eligibility Explained
India’s ₹45 Lakh Affordable Housing Limit May Change: What Homebuyers Need to Know About GST, Eligibility and the New Policy Debate India | October 4, 2026 Estimated reading time: 8–10 minutes India’s definition of an “affordable home” is facing one of its strongest challenges since the current ₹45 lakh price ceiling was introduced in 2019. The Confederation of Real Estate Developers’ Associations of India, or CREDAI, is urging the Centre to remove the ₹45 lakh price cap and define affordable housing mainly by the size of the home. CREDAI President Shekhar Patel said this week that the industry body is discussing the issue with government departments and hopes to see a revised policy framework over roughly the next six months. He argued that the current ₹45 lakh ceiling has become difficult to meet because land, construction, approvals and taxes have all become more expensive. This is potentially important for millions of buyers because “affordable housing” is not merely a marke...