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Developers Will Rely On Affordable Housing More Than Ever After Pandemic

Affordable housing cushioned India’s residential property market as it grapples with a slowdown for nearly half a decade.

The share of affordable housing—ticket size of up Rs 1 crore in Mumbai and Rs 75 lakh in other cities—has seen a hike of up to 58% at the country level. (Photographer: Dhiraj Singh/Bloomberg)
The share of affordable housing—ticket size of up Rs 1 crore in Mumbai and Rs 75 lakh in other cities—has seen a hike of up to 58% at the country level. (Photographer: Dhiraj Singh/Bloomberg)
Affordable housing cushioned India’s residential property market as it grapples with a slowdown for nearly half a decade. Widespread economic disruption during the pandemic means that focus will stay on low-cost apartments and more developers will enter the segment.More than 7.7 lakh affordable homes—each worth less than Rs 45 lakh—will be added by the end of 2023 in the top seven cities, according to data by Liases Foras. The Delhi ...
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