Affordable Homes

Chhattisgarh Housing Board launches housing projects worth over ₹2,000 cr

CGHB unveils Rs 2,060 crore plan for 12,000 homes as revenue rebounds

Affordable homes lose investor appeal as luxury delivers higher returns

With luxury home prices rising faster than affordable units and branded developers driving demand in prime locations, investors are shifting towards premium and luxury housing

Housing prices appreciate 7-19% in Jul-Sep across top 8 cities: PropTiger

India's top 8 housing markets saw 7-19 per cent increase in prices during July-September quarter on strong demand, according to PropTiger. Real estate consultant PropTiger, which has recently been acquired by Aurum PropTech Ltd, on Wednesday released price data for primary housing market of the top 8 cities. As per the data, Delhi-NCR witnessed the highest 19 per cent increase in prices, driven by strong demand for luxury properties and infrastructure upgrades. The weighted average price of homes in Delhi-NCR rose to Rs 8,900 per sq ft in July-September this year from Rs 7,479 per sq ft in the year-ago period. Bengaluru and Hyderabad recorded strong double-digit price growth of 15 per cent YoY (year-on-year) and 13 per cent, respectively. The price in Bengaluru rose to Rs 8,870 per sq ft from Rs 7,713 per sq ft, while prices in Hyderabad rose to Rs 7,750 per sq ft from Rs 6,858 per sq ft. In Ahmedabad, the prices rose 7.9 per cent to Rs 4,820 per square feet from Rs 4,467 per sq

Maharashtra plans ₹70,000 cr push to boost affordable housing by 2030

Maharashtra will invest Rs 70,000 crore under the 2025 housing policy to build 3.5 million affordable homes by 2030, focusing on Mumbai Metropolitan Region and Pune

Altum Credo raises ₹170 cr from BII to expand affordable housing finance

Altum Credo will use the funds to expand credit access for low-income households, strengthen IT systems, and scale operations across existing geographies

Tier-2 housing supply falls 35% in Q1 2025, affordable segment hit hardest

New launches in India's top 15 tier 2 cities decline steeply, led by a 54% slump in affordable homes and a shift toward mid- to high-value segments

Housing sales down 19% on high prices; supply drops 10% in 8 cities

Housing sales declined 19 per cent annually in January-March across eight major cities to 98,095 units on high prices and lower launches, according to PropTiger. Real estate consultant PropTiger, which is part of REA India that also owns Housing.com, on Wednesday noted that rising property prices and slowing growth forced buyers to exercise caution. In its report 'Real Insight', PropTiger also mentioned that new supply dropped 10 per cent in the first quarter of the calendar year, as developers adjusted with the market situation. "The huge spike in prices had already started to show its adverse impact on sales. With a global trade war now bringing new uncertainty, it is only natural for buyers to adopt a cautious approach to investment, particularly in something so big as real estate," said Dhruv Agarwala, Group Chief Executive Officer, Housing.com and PropTiger. As per the PropTiger data, housing sales in Ahmedabad fell 17 per cent to 10,730 units in January-March from 12,915 unit

Arkade Developers gets redevelopment project in MMR with Rs 865 cr GDV

The project spans 7,084 square metres of area and is expected to deliver a projected saleable carpet area of approximately 2.44 lakh square feet (sq ft)

Keystone Realtors Q4 sales bookings up 1% at Rs 854 cr on strong demand

Realty firm Keystone Realtors Ltd on Tuesday reported a 1 per cent growth in sales bookings to Rs 854 crore for the fourth quarter of last fiscal as housing demand continues to be strong. Its sales bookings stood at Rs 843 crore in the year-ago period. In a regulatory filing, Keystone Realtors also informed that its sales bookings rose 34 per cent to Rs 3,028 crore in the 2024-25 fiscal year from Rs 2,266 crore in the preceding year. Boman Irani, CMD of Keystone Realtors, said, "FY25 has been an eventful and successful year for our company, marked by impressive achievements across key performance metrics, including pre-sales, collections, business development and new launches." The company's collections of funds from customers also showed remarkable growth, reaching Rs 2,326 crore for the entire 2024-25, he "In 2024-25, we launched a total of 7 projects with an estimated GDV (gross development value) of Rs 5,019 crore. The redevelopment opportunities in Mumbai remain a significant

Godrej Properties sells 275 flats for over Rs 2,000 crore in Noida project

Godrej Properties Ltd has sold 275 homes for more than Rs 2,000 crore in its new housing project at Noida in Uttar Pradesh. In a regulatory filing on Tuesday, the company informed that it had launched a luxury project 'Godrej Riverine' in Sector 44, Noida, last month. Godrej Properties said it has "sold over 275 homes worth over Rs 2,000 crore at the launch of its luxury project, Godrej Riverine." The project is spread over 6.46 acre, comprising luxury residential apartments of varied configurations. Gaurav Pandey, MD & CEO, Godrej Properties, said, "Noida is a key market for us, and we look forward to further strengthening our presence in the region in the years ahead." Godrej Properties is one of the leading real estate developers in the country.

Housing prices may see modest growth in 2025, say property experts

India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. Real estate developers and property consultants are expecting that the RBI will cut the repo rate this year, enabling banks to lower interest rates on home loans. They also hope for some fiscal incentives in the upcoming Budget to boost supply and demand for the affordable housing segment, which has lost sheen in the past few years. New home sales across seven major cities declined for the first time since the pandemic, as a sharp rise in housing prices and still elevated borrowing costs ruined the appetite of buyers in 2024. Sales volume declined 4 per cent during 2024 to 4,59,650 units across seven major cities, while new supply fell 7 per cent to 4,12,520 units, data from consultant Anarock showed. That was the first drop in sales after three .

New housing supply in Delhi-NCR triples in Q2 to 13,311 units: PropEquity

Fresh supply of residential properties in Delhi-NCR is estimated to triple during July-September to over 13,300 units as developers look to encash strong demand, according to PropEquity. Real estate data analytics firm PropEquity has estimated new launches of housing properties at 13,311 units in the current quarter as against 4,147 units in the year-ago period. Housing sales in Delhi-NCR are likely to increase 22 per cent during July-September 2024 to 10,263 units from 8,411 units in the corresponding period of the previous year. Rise in fresh supply of homes was one of the major factors for an increase in sales in Delhi-NCR market, besides strong consumer demand. Overall across nine major cities, PropEquity data shows that new launches in July-September 2024 may fall to 93,693 units from 1,05,655 units in the same period last year. Sales are estimated to decline 18 per cent to 1,04,393 units in the quarter under review from 1,26,848 units in the same period last year. These nin

Affordable flats launches drop 21% annually in April-Jun in top 7 cities

New supply of affordable apartments -- costing below Rs 50 lakh -- declined 21 per cent in the April-June period across seven major cities as builders are launching more premium flats, according to JLL India. Real estate consultant JLL India on Friday released data for housing market of major seven cities, showing a 5 per cent increase in fresh supply of apartments to 1,59,455 units during April-June 2024 from 151,207 units in the year-ago period. The data includes only apartments. Rowhouses, villas, and plotted developments have been excluded from the analysis. Of the total new supply in the June quarter, the launches of affaordable flats stood at 13,277 units, a fall of 21 per cent from 16,728 units in the same period last year. The launches of flats, each costing Rs 50 lakh to Rs 1 crore, declined 14 per cent to 47,930 units from 55,701 units. In the Rs 1-3 crore price bracket, the new supply grew 3 per cent to 69,312 units from 67,119 units. The launches of apartments, each p

Housing sales up 11% in FY24 in top 30 Tier-II cities: PropEquity

Rise in housing demand is not restricted to major cities as sales of residential properties rose 11 per cent last fiscal across 30 Tier II towns to nearly 2.08 lakh units, according to PropEquity. Real estate data analytic firm PropEquity on Friday released a report on Tier II cities' housing market. The data showed that housing sales increased 11 per cent to 2,07,896 units in 2023-24 as against 1,86,951 units in the preceding financial year. Top 10 Tier II cities -- Ahmedabad, Vadodara, Surat, Nashik, Gandhi Nagar, Jaipur, Nagpur, Bhubaneshwar, Visakhapatnam and Mohali-- contributed 80 per cent to the total sales in 30 small towns. These 10 cities together clocked sales of 1,68,998 residential units in 2023-24, up 11 per cent from 1,51,706 homes in 2022-23. The other 20 Tier II cities are Bhopal, Lucknow, Goa, Coimbatore, Raipur, Vijayawada, Indore, Kochi, Trivandrum, Mangalore, Guntur, Bhiwadi, Dehradun, Ludhiana, Chandigarh, Agra, Mysore, Sonepat, Panipat and Amritsar. Samir .

Sales of affordable homes dip 4% in top 8 cities in Jan-Mar: PropEquity

Sales of affordable homes -- priced up to Rs 60 lakh each -- declined 4 per cent in eight major cities to 61,121 units during January-March this year on lower supply and higher demand for luxury apartments, according to PropEquity. The top eight cities are -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Chennai, Kolkata, Pune and Ahmedabad. Real estate data analytic firm PropEquity data showed that sales of homes, costing up to Rs 60 lakh each stood at 6,3787 units in the January-March period of the last calendar year. A lower supply of affordable homes is one of the key factors for this marginal fall in sales. As per the PropEquity data, the fresh supply of homes, up to Rs 60 lakh each, declined to 33,420 units during January-March 2024 across these top eight cities from 53,818 units in the year-ago period. Builders are focusing more on launching luxury apartments to encash a surge in demand for premium residential properties. Profit margins are also high in

Will extension of PMAY revive affordable housing in India? Experts weigh in

This comes when the affordable housing sector has been struggling due to higher demand for bigger, costlier homes in India

Home prices to rise steadily, affordable housing to be scarce: Poll

Economic growth in India, Asia's third-largest economy is expected to continue outpacing its major peers

New supply of homes fall 38% across top 8 cities in Jan-Mar: PropEquity

New supply of affordable homes -- priced up to Rs 60 lakh each, declined 38 per cent across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity. Real estate data analytic firm PropEquity attributed the fall in new supply to sharp rise in land and construction costs, which has made development of affordable housing projects less profitable or unviable. According to PropEquity data, the fresh supply of homes, up to Rs 60 lakh each, stood at 33,420 units during January-March 2024 across top eight cities, as against 53,818 units in the year-ago period. These eight cities are -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Chennai, Kolkata, Pune and Ahmedabad. PropEquity data showed that the new supply in this price category fell 20 per cent during the 2023 calendar year and the declining trend continued in the first quarter of this year as well. "The number of affordable hou

BJP's 2024 Manifesto: Vow to build 30 mn new homes, strengthen Rera Act

During the Modi government's tenure over the last 10 years, the manifesto claimed to have provided more than 4 crore families with pucca houses under the PM Awas Yojana and other initiatives

Share of affordable homes, priced up to Rs 45L, shrinks to 22% in Jan-Mar

Share of affordable homes -- priced up to Rs 45 lakh each -- in total housing sales more than halved to 22 per cent during January-March across top eight cities amid strong demand for luxury flats, according to PropTiger. Share of affordable homes in total housing sales stood at 48 per cent in the January-March period of 2023 calendar year. Housing brokerage firm PropTiger.com data showed that housing sales grew by 41 per cent to 1,20,640 units during January-March 2024 across top eight cities from 85,840 units in the corresponding period of the previous year. In the total sales of 1,20,640 units during January-March, the share of homes, priced less than Rs 25 lakh each, was 5 per cent. In the same period last year, the share of this low-cost housing category in total sales was 15 per cent. The share of homes, priced Rs 25-45 lakh each, was 17 per cent during January-March 2024 as against 23 per cent share in the corresponding period of the previous year. "There has been a remark