‘Over 1 crore flats lying vacant in India; crime to keep assets without utilisation’: G Hari Babu
Launches of high-end residential units priced above Rs 1.5 crore skyrocketed by a staggering 1,000 per cent between 2019 and 2023, according to property consultancy firm Anarock. In the meantime, new launches of units priced below Rs 75 lakh, including affordable housing, remained stagnant in the country’s top seven cities. In a conversation with AGGAM WALIA, National Real Estate Development Council (NAREDCO) National President G HARI BABU delves into the growing trend of premiumisation in the real estate sector even as the high-demand affordable housing segment appears to be short on supply.
