Indian Cities Witness 4% Drop in Affordable Housing Sales
Sales of affordable homes in major Indian cities, including Delhi-NCR, Mumbai, and Pune, saw a decline of 4% in the first quarter of 2024.
Real EstateAffordable HousingLuxury ApartmentsIndian CitiesHousing MarketReal Estate PuneJun 16, 2024
Frequently Asked Questions
What is the decline in affordable housing sales in major Indian cities?
Sales of affordable homes in major Indian cities have witnessed a decline of 4% in the first quarter of 2024.
Which cities are affected by the decline in affordable housing sales?
The cities affected include Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Chennai, Kolkata, Pune, and Ahmedabad.
Why are builders focusing on luxury projects?
Builders are focusing on luxury projects due to higher profit margins.
What is the impact of the shift towards luxury projects on affordable housing supply?
The shift towards luxury projects has led to a significant drop in the fresh supply of affordable homes.
What is the reason behind the trend of declining affordable housing sales?
The trend is a response to evolving consumer demands and economic conditions.
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