Steady demand, falling supply: What's ahead for mid-segment homes in India? | Business Standard
Considerable attention has been devoted to the rising demand for luxury and ultra-luxury homes in India, commanding prices upwards of Rs 1 crore. Equally discussed has been the marked decline in interest for affordable units, priced below Rs 50 lakh. However, there hasn't been much discussion about the mid-segment that connects these two extremes.
Industry data shows that in the last three years, this segment, generally priced between Rs 50 lakh and Rs 1 crore, has continued to account for over 33 per cent of total housing demand in the country. In fact, it was the most sold segment till July last year.
