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Influence of Changing Real Estate Scenarios on Affordable Housing in India
Affordable Housing Research Papers - ccspa.info
New Delhi: Affordable housing segment - apartments priced up to Rs 45 lakh- is contributing nearly half of the total demand in the primary residential market across eight major cities, real estate brokerage firm PropTiger. Addressing a webinar, PropTiger COO Mani RangarajanMani Rangarajan said the April-June quarter may witness demand slowdown because of the second wave of the Covid pandemic but sales should pick up in the second half of this year. He ruled out price correction in the primary housing market, saying that builders have been operating at a thin profit margin. In its Real Insight report for January-March quarter. PropTiger found out that around 45 per cent of sales in January-March were contributed by the affordable housing segment. The consultant further said that around 26 per cent of the sales were in Rs lakh price bracket, 10 per cent in Rs 75 lakh to Rs 1 crore and 19 per cent above Rs 1 crore.
Affordable Housing for India’s Urban Poor
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