Demand for affordable housing in Indian cities down 26% in 2022: Report

Budget should revise price bandwidths for units that qualify as affordable housing: Anarock

Demand for affordable housing in Indian cities fell from a "respectable" 39 per cent in 2018 to 26 per cent last year as Covid-19 impacted the segment, said a report on Monday.

Supply in the affordable house segment fell sharply too. According to property consultant Anarock's 'Consumer Sentiment Survey 2022', there is significant unsold affordable stock in the top seven cities. Out of a total of 6.30 lakh unsold units in the seven cities, affordable housing accounted for more than 27 per cent. The upcoming Union Budget presents an opportunity for the government to revitalise the segment, said the report