Housing Affordability Crisis: Sales Plummet 14% in Indian Cities

A recent report paints a concerning picture of the Indian housing market, revealing a significant 14% decline in sales. This downturn is largely attributed to mounting affordability pressures squeezing potential homebuyers across numerous cities.

Affordability Challenges Impacting Homebuyers

The dream of homeownership is becoming increasingly challenging for many Indians as property prices continue to rise while incomes struggle to keep pace. This widening gap between aspiration and reality is reflected in the shrinking sales figures.

Luxury Housing Thrives While Affordable Options Shrink

Ironically, while the demand for affordable and mid-income housing remains high, the supply appears to be shrinking. Conversely, the luxury housing segment continues to expand, further exacerbating the affordability divide.