Affordable housing market set to touch Rs 67 trillion by 2030, supplies to cross 31 million units
2 weeks, 5 days ago

Affordable housing market set to touch Rs 67 trillion by 2030, supplies to cross 31 million units

New Indian Express  

MUMBAI: The affordable housing market is slated to touch Rs 67 trillion, offering lenders a goldmine of Rs 44.6 trillion in funding opportunities by 2030 when over 31 million units will be deployed, says an industry report. According to realty consultancy firm Knight Frank, the existing shortage plus the upcoming demand for affordable housing segment is estimated to be 30.7 million units by 2030. By 2030, as many as 22.2 million housing units will be required in urban centres of which 95.2 percent or 21.1 million units will be concentrated in the affordable housing segment. According to its analysis, the cumulative affordable housing demand in the country is projected to reach 31.2 million by 2030, with the market size estimated at Rs 67 trillion.

Housing Units Million Rs 67 Trillion 67 Trillion  market  supplies  demand  rs  million  touch  67  trillion  housing  cross  units  affordable  2030  set

History of this topic

Affordable housing shortage to touch 312 lakh units by 2030: CII-Knight Frank report
2 weeks, 5 days ago

Affordable housing shortage to touch 312 lakh units by 2030: CII-Knight Frank report

Hindustan Times  

Affordable housing in India is expected to touch 312 lakh units by 2030 with a potential market size of ₹67 trillion, a report by Confederation of Indian Industry and Knight Frank has said, adding the segment could also provide several opportunities for financial institutions. Affordable housing in India is expected to touch 312 lakh units by 2030 with a potential …

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR
3 weeks, 3 days ago

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR

Hindustan Times  

Mumbai real estate market is the most expensive real estate market in the country and purchasing a home in the financial capital is a dream come true for many homebuyers considering that apartments cost as much as ₹20,000 per sq ft to ₹1.50 lakh per sq ft if not more. "With a budget of ₹50 lakh in Mumbai, homebuyers can …

New measures set to revive realty sector
2 months ago

New measures set to revive realty sector

China Daily  

chinadaily.com.cn| Updated :2024-10-18 China has rolled out new policy measures to rejuvenate the shaky property sector, with expanded funding for troubled property developers and renovation of an additional 1 million homes high on the agenda. Ni Hong, minister of housing and urban-rural development, said on Thursday that the Chinese real estate market has seen broad-based stability since October, particularly in …

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study
3 months, 3 weeks ago

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study

ABP News  

Indians are increasingly demanding for rental units in the range of Rs 20,000 to Rs 30,000 per month, a latest study revealed. The rent range of Rs 10,000 to Rs 20,000 was the second highest in demand at 22 per cent in the domestic housing market. Meanwhile, Delhi saw individuals preferring units with a rent range of Rs 50,000 to …

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister
5 months ago

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister

Hindustan Times  

Budget 2024 will be presented by Finance Minister Nirmala Sitharaman today and the real estate sector hopes that the government will focus on affordable and middle income housing in the Budget. The real estate sector hopes that the government will push for affordable and middle income housing in Budget 2024. The government should raise the deduction limit for interest payment …

Cheap, sustainable homes must amid demand boom: Eco Survey
5 months ago

Cheap, sustainable homes must amid demand boom: Eco Survey

Hindustan Times  

New Delhi: The 2023-24 Economic Survey, tabled in Parliament on Monday, called for adaptive strategies and policies to provide cost-effective and sustainable housing. The survey said the real estate sector witnessed “a robust recovery” post-pandemic, with the sale of residential real estate in 2023 recording a 33% year-on-year growth, the highest since 2013. The strong desire for home ownership was …

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY
5 months, 1 week ago

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY

Hindustan Times  

Hyderabad registered a total of 7,014 residential properties amounting to ₹4,288 crore in the month of June 2024, according to a report released by property consultancy Knight Frank India on July 15. Hyderabad registers 7,014 housing units worth ₹ 4,288 crore in June 2024 During the first half of the year, a cumulative 39,220 residential units worth ₹24,287 crore were …

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units
5 months, 1 week ago

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units

Hindustan Times  

Real estate developers' focus on the premium housing segment priced between ₹3-5 crore led to launches growing by around 170% year-on-year, luxury segment priced above ₹5 crore followed with 116% growth. Real estate developers' focus on the premium housing segment led to launches growing by around 170% year-on-year, luxury segment followed with 116% growth, a report by JLL said New …

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report
5 months, 1 week ago

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report

New Indian Express  

NEW DELHI: New supply of affordable apartments costing below Rs 50 lakh declined by 21 per cent in the April-June period across seven major cities as builders are launching more premium flats, according to real estate consultant JLL India. JLL India on Friday released data for the housing market of major seven cities, showing a 5 per cent increase in …

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
5 months, 2 weeks ago

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline

Hindustan Times  

Housing sales hit an 11-year high with 1.73 lakh units sold across the top eight Indian cities. NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. Home sales surged by 11% YoY to touch 1.73 lakh units sold across the country’s top eight markets in H1 2024, …

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai
9 months, 1 week ago

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai

Hindustan Times  

The real estate sector is projected to touch a market size of $1.3 trillion by FY 2034 and $5.17 trillion by 2047, according to a report by the builders’ apex body Confederation of Real Estate Developers’ Association of India. The real estate sector is projected to touch $1.3 trillion by FY 2034 and $5.17 trillion by 2047, Credai has said, …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
10 months, 3 weeks ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units
11 months, 3 weeks ago

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4.76 lakh housing units were sold in 2023 in the top 7 cities, against 3.64 lakh units in 2022, a 31 per cent increase. In terms of supply, around 4.45 lakh new units were launched in …

Housing sales makes new peak in 2023
11 months, 3 weeks ago

Housing sales makes new peak in 2023

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4,76,530 housing units were sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31 per cent increase. In terms of supply, around 4,45,770 new units were launched in 2023 against 3,57,640 …

The housing crisis for the poor in India’s capital
1 year, 3 months ago

The housing crisis for the poor in India’s capital

Al Jazeera  

As India becomes the world’s most populated country with 1.4 billion people, housing, particularly for low-income urban households, remains a longstanding challenge. Another study by the Indian Council for Research on International Economic Relations in 2020 found that India’s urban housing shortage rose 54 percent to 29 million in 2018 from 18.78 million in 2012. According to the Delhi government’s …

Ample room for growth of realty sector
1 year, 4 months ago

Ample room for growth of realty sector

China Daily  

An employee from a real estate sales department introduces a residential project to a potential homebuyer in Taiyuan, Shanxi province, on May 12. To bridge the gap between rural people who have migrated to urban areas and the average urban resident in terms of per capita housing space, the real estate industry needs to build at least 3.2 billion sq …

Affordable housing breaks ground
1 year, 9 months ago

Affordable housing breaks ground

The Hindu  

Affordable housing is predicted to play a big part in the expansion of the Indian real estate market this year. Affordable housing has become one of the most vibrant segments of the Indian real estate market. This highlights the crucial role that the real estate sector, particularly affordable housing, can play in boosting the country’s economy. Given India’s enormous housing …

Is affordable housing possible?
2 years, 11 months ago

Is affordable housing possible?

The Hindu  

Residential property prices are projected to rise 10-15% as builders seek to counter rising costs, according to Confederation of Real Estate Developers’ Association of India, the apex body for private real estate in India with over 13,000+ member developers. The Government may also consider either allowing Input Tax Credit for real estate projects and/ or rationalisation of GST on various …

Budget 2021: Concrete measures for a real estate push
3 years, 10 months ago

Budget 2021: Concrete measures for a real estate push

India Today  

Recognising the importance of reviving the real estate sector, which contributes 4.3 per cent to the country’s GDP and employs 52 million, the Centre had already set the ball rolling on a series of measures to support it, especially in the affordable segment. Moreover, in a bid to keep up the supply of affordable houses, she has proposed that affordable …

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