Housing the Elephant in the Room: Affordable Housing in India's Real Estate Boom The numbers tell a stark story: while India's property market continues to thrive, with record highs in office leasing volumes and new flat sales, a critical gap has emerged in the low to mid end of the housing market.
Flats priced below 5 million rupees (approximately $52,000) now account for just 17% of launches in India's largest cities, down from 52% in 2018. This trend has significant implications for India's urbanisation drive.
With over 71 cities expected to have populations of 1 million people or more by 2030, the need for accessible, quality homes has never been greater. Knight Frank estimates that there is a staggering shortage of 9.