Gulam Zia, Senior Executive Director at Knight Frank India, highlights the resilience of the real estate market post-COVID-19, but raises concerns over the shrinking affordable housing segment and the challenges in the ₹10-50 crore property range.
Real EstateAffordable HousingHighend PropertyLuxury HomesMarket TrendsReal Estate NewsMar 18, 2025
The affordable housing market in India has seen a decline since the onset of the COVID-19 pandemic, with many developers shifting their focus to higher-margin projects. This has led to a shortage of affordable homes, making it difficult for first-time homebuyers and middle-income families to enter the market.
The government has introduced several initiatives to boost the affordable housing sector, including subsidies, tax benefits, and relaxed regulations. However, these measures have had limited impact, and the market still faces significant challenges such as the lack of affordable land and high construction costs.
The overall real estate market in India has shown resilience post-COVID-19, with the residential sector seeing a steady recovery driven by pent-up demand, low-interest rates, and improved consumer confidence. The commercial property market is also starting to pick up, particularly in major cities.
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