Homart is an offshoot of Nova Life Space Private Limited. Homart will purely focus on the affordable housing segment, creating compact – value – added homes with the amenities and features matching up to premium homes. With the Indian Government having granted the infrastructure status to the affordable housing segment in the recent budget, phenomenal growth in really is expected in the mid and lower income segments. This gives priority to the financial institutions and banks who can allocate more money, offer loans at lower interest rates and make funds available at better terms. Hence, opportunities for growth in affordable housing are significantly high.