Business Standard

Affordable hsg demand dips, mid-premium remains preferred zone for buyers

Rising input costs, global uncertainties have made it more difficult for developers to launch budget homes in a cost-sensitive market

Construction, workers, housing, residential property
Premium

Pratigya Yadav New Delhi
The affordable housing segment, once the buyer’s top priority, is facing the brunt of pandemic and rising inflationary pressures, with both demand and supply shrinking to their lowest levels as home buyers seem to defer their purchase decisions.

Realty experts feel developers were already reeling under thin profit margins in the affordable segment. With rising input costs and global uncertainties, it has become even more difficult for them to launch budget homes. This is because increasing prices in this highly cost-sensitive market will make their offering unaffordable.

According to realty consultant Anarock, out of total 358,000 units launched in the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 30 2023 | 7:27 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com