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.
Related News Articles
The Real Reason Behind Sonakshi Sinha's Decision to Sell Her First Home
Sonakshi Sinha's decision to sell her first home in Mumbai has been making headlines, but the real reason behind it is finally out.
Real Estate Firm's 'Conquer Goa' Ad Sparks Outrage, Goa Government Demands Withdrawal
Goa government terms real estate developer's advertisement 'objectionable' and 'obnoxious', demands withdrawal of 'conquering Goa' ad
India's Real Estate Market Set to Soar: $10 Trillion by 2047
Colliers-CREDAI report predicts 16% annual growth, driven by urbanization, infrastructure, and sustainability
Orris Group: Pioneering Real Estate Development in Delhi-NCR
With a strong focus on consistent delivery, a diversified portfolio, and a visionary approach, Orris Group is setting new benchmarks in the competitive real estate market of Delhi-NCR.
Panvel Exit on Mumbai-Pune Expressway Closed for 6 Months for Upgrades
The Panvel exit on the Mumbai-Pune Expressway, a vital arterial route, has been closed for a period of six months for significant traffic and construction improvements. This closure is expected to enhance the overall safety and efficiency of the expresswa
Maharashtra HSC Exam: Five Students Without Hall Tickets Refused Entry
In a strict adherence to rules, five students attempting the Maharashtra HSC examination were denied entry due to the absence of their hall tickets.