Tag: affordable housing in India

IndustryLatest Stories

Real Estate: India’s Growth Multiplier, Says Niranjan Hiranandani

Hiranandani described real estate as a central pillar of India’s growth narrative. During the keynote address at the RealtyDailyNews Realty Real Estate Conclave 2026, Niranjan Hiranandani, Chairman of NAREDCO and Co-Founder & MD of Hiranandani Group, presented an optimistic and balanced perspective on India’s real estate sector. He framed the industry within the context of India’s broader economic growth, emphasizing continuous GDP growth, accelerated infrastructure development, and increased credit availability as key drivers for future development. “Commercial lending is achieving annual growth rates of nearly 15%,” Hiranandani remarked, connecting the increase in credit accessibility to both homebuyers and developers. With…

Latest StoriesResidential

Premium Housing Fuels 50% of Sales as Affordable Segment Drops 17%

NEW DELHI: The Indian residential market shifted more towards higher-value homes in 2025, with properties priced above ₹1 crore making up 50% of total annual sales. This trend emerged even as demand for affordable housing decreased, according to a recent Knight Frank India report. Total housing sales reached 348,207 units in 2025. Homes priced over ₹1 crore experienced a 14% year-on-year increase, while sales for units below ₹50 lakh fell by 17%. The mid-segment, priced between ₹50 lakh and ₹1 crore, also faced an 8% drop in annual sales. As noted in the report, the slowdown primarily affected lower-priced categories,…

Latest StoriesResidential

Affordable housing drops to 17% in 2025: Economic Survey

NEW DELHI: The aspiration of homeownership is becoming increasingly out of reach for low-income groups in India, as the availability of affordable housing takes a significant downturn. The Economic Survey 2025-26 reveals that the percentage of affordable housing units, priced under ₹50 lakh, in India’s eight major cities plummeted from 52.4% in 2018 to a mere 17% by 2025. This substantial drop occurs amidst a forecast that demand for such housing will hit 30 million units by 2030. Currently, the overwhelming majority of this shortfall is among low-income groups, which represent 99% of the housing deficit in recent years. The…

IndustryLatest Stories

Construction Costs Up 40%, Affordable Housing Falls to 12% in 2025

NEW DELHI: The affordable housing sector in Indian real estate is facing mounting challenges due to rising construction costs, impacting supply and affordability, as per a recent report by Anarock Group. Data reveals that the average construction cost in major Indian cities has surged nearly 40% over the last five years, climbing from ₹2,200 per sq ft in 2021 to about ₹2,800 per sq ft by October 2024. Mumbai, Delhi NCR, and Bengaluru stand out as the priciest markets, with luxury housing construction costs now surpassing ₹5,000 per sq ft. “Construction expenses in metropolitan areas have skyrocketed due to inflation,…