News18.com-Three Reasons Why Indian Homebuyers Are Frustrated With Affordable Housing Options
Demand for affordable homes has nosedived since Covid-19, initially because this segment’s target clientele was financially impacted by the pandemic. However, the Anarock -FICCI Homebuyer Sentiment Survey – H1 2024 has identified other pain points. At least 53% of homebuyers are dissatisfied with the currently available options in this vital segment across cities.
Declining demand for affordable housing has had a cascading impact on its supply in the last year. Anarock data highlights the shrinking supply of affordable housing in major cities, dropping from 26% of total launches in 2021 to just 17% by 9M in 2024. Before the pandemic in 2019, affordable homes made up 40% of new projects.
