Hindustan Times-Supply of mid-segment homes priced ₹1 crore and below dips 30% in top 9 cities in one year: PropEquity
As real estate developers shift focus on luxury housing, the supply of homes in the affordable and mid-income category priced ₹1 crore and below has dipped by 30% in the last year across nine cities to 1,98,926 units in 2024 from 2,83,323 units in the preceding year. The supply was 3,10,216 units in 2022, a report by PropEquity has said.
The top nine cities are ‘staring at a housing crisis,” said the report by the real estate data analytics firm.
The top nine cities are Bengaluru, Chennai, Hyderabad, Mumbai, Pune, Thane, Navi Mumbai, Kolkata and NCR.
