India, Oct. 3 -- A major theme at the 24th CREDAI NATCON is the builders' push to change the definition of affordable housing, with the real estate developers' body arguing that the current Rs.45 lakh price cap, fixed in 2019, has become outdated and 'currently not relevant' amid rising land, construction, approval and tax costs. It has proposed that affordable housing instead be defined based on area and hoped policy initiatives will be announced over the next six months to boost the supply."The current price cap for affordable housing of Rs.45 lakh, fixed in 2019, has become unrealistic and is currently not relevant because land, approval and construction costs have risen sharply. The category should be defined by area, not price," CRED...