WSB Real Estate Secures Rs.7 Bn for Affordable Housing

The funds were secured from a mix of domestic and international investors, demonstrating strong confidence in WSB Real Estate's vision and execution capabilities. The company plans to utilise this capital to develop housing projects that cater to the mid-income segment, which is often underserved in the real estate market.

WSB Real Estate's CEO, Ramesh Sharma, highlighted the importance of this investment in bridging the housing gap in urban and semi-urban areas. "Affordable housing is a critical need in India, and we are committed to delivering high-quality homes at accessible prices. This funding will help us accelerate our project timelines and expand our footprint in key markets," Sharma stated.

The real estate firm has identified several locations for its upcoming projects, focusing on regions with high population density and robust infrastructure. These projects aim to offer modern amenities and sustainable living options without compromising affordability.

This funding initiative aligns with the government's push for affordable housing and urban development. The Pradhan Mantri Awas Yojana (PMAY) and other similar schemes have created a favourable environment for investments in this sector. WSB Real Estate's efforts are expected to complement these governmental initiatives, contributing to the overall goal of housing for all.

WSB Real Estate's strategic focus on mid-income and affordable housing comes at a time when the real estate market is witnessing a shift in consumer preferences. With rising urbanisation and a growing middle class, the demand for affordable housing solutions is set to increase significantly.

The company is optimistic about the impact of this investment on its growth trajectory and the broader real estate market. By addressing the needs of the mid-income segment, WSB Real Estate aims to make a substantial contribution to India's housing sector, promoting inclusive growth and sustainable development.