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Affordable Housing
Sales of affordable homes, costing less than Rs 50 lakh each, fell 23 per cent on-year in January-March to 16,273 units across the top eight cities, mainly due to lower fresh supply in this price bracket, according to Knight Frank. Post-COVID pandemic, the demand for luxury homes has surged. Builders are attributing the lower launches in the affordable housing segment to the high cost of inputs, especially land. In its latest report, real estate consultant Knight Frank India pointed out that affordable housing segment saw the steepest decline of 23 per cent during the January-March period of this year, with all eight cities reporting a fall in sales. As per the data, even the Rs 50 lakhs-1 crore category witnessed a decline of 12 per cent year-on-year during the first quarter of the 2026 calendar year to 23,567 units across eight major cities. These cities are Mumbai, Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai, Ahmedabad and Kolkata. However, the housing sales in the Rs 1-2 cr
President Donald Trump 's plans for bringing homeownership within reach of more Americans involve pushing for lower interest rates on home loans and credit cards, and banning large institutional investors from buying single-family homes. In his address Wednesday at the World Economic Forum in Davos, Switzerland, Trump outlined four policies his administration is pursuing in a bid to make homeownership more affordable. Each had been previously mentioned by him or his administration in recent weeks, part of a broader push to address affordability generally, a hot-button issue with voters heading into the midterms. The US housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. The combination of higher mortgage rates, years of skyrocketing home prices and a chronic shortage of homes nationally following more than a decade of below-average home construction have left many aspiring homeowners priced out of the market. Sales
President Donald Trump plans to use a key address Wednesday to try to convince Americans he can make housing more affordable, but he's picked a strange backdrop for the speech: a Swiss mountain town where ski chalets for vacations cost a cool $4.4 million. On the anniversary of his inauguration, Trump is flying to the World Economic Forum in Davos an annual gathering of the global elite where he may see many of the billionaires he has surrounded himself with during his first year back in the White House. Trump had campaigned on lowering the cost of living, painting himself as a populist while serving fries at a McDonald's drive-thru. But in office, his public schedules suggest he's traded the Golden Arches for a gilded age, devoting more time to cavorting with the wealthy than talking directly to his working-class base. At the end of the day, it's the investors and billionaires at Davos who have his attention, not the families struggling to afford their bills, said Alex Jacquez, .
The Airports Authority of India's (AAI) high-frequency radar at Dahisar in Mumbai will be relocated to Gorai, unlocking hundreds of acres of land for affordable housing projects in the area, Civil Aviation Minister K Rammohan Naidu has said. This decision was taken following a meeting between various stakeholders, including the Civil Aviation Ministry, the Maharashtra government and others. Addressing the meeting virtually, Naidu on Sunday said the Civil Aviation Ministry will seek cabinet approval for the relocation so that the construction work on such projects can start at the earliest. Radar installations at Dahisar and Juhu restrict building heights. On Saturday, Maharashtra Chief Minister Devendra Fadnavis told the legislative assembly that the state government had decided to shift high-frequency radar centres from Dahisar and Juhu to technically suitable alternative sites. Fadnavis said the Civil Aviation Ministry, the Union government, and the AAI had agreed to the shiftin