So, one of the compelling big-picture arguments made goes thus:
IF Affordable Housing has to become the 1.2 trillion opportunity that it is touted as - Construction - HAS to become a very LUCRATIVE opportunity. Without Construction proving lucrative, the houses don't get built, and if the houses don't get built, then there is no financing, and no ancillaries selling !!
Now with RERA, the hurdles for small mom n pop builders are too much to cross, so most of that lucrative opportunity will be carried on the shoulders of the big guys, who have the BS and the volumes execution efficiency to create efficient business models from a low margin huge volumes business.
Corollary2: The biggies wont really be needing the LAP financing! LAP is unlikely to be significantly big in Affordable Housing. They say If you want to look at financing - look at the PSU Banks which will start to take the bulk of the Affordable Loans