NCR & MMR lead the way in affordable housing

Affordable Housing
According to ANAROCK Property Consultants' latest report 'Affordable Housing, the Delhi NCR and Mumbai Metropolitan Region account for 55% share of total 6 lakh affordable units launched across the top 7 cities in the country. NCR saw maximum supply of the total 3.98 lakh units sold in sub INR 40 lakh category, NCR & MMR hold 57% share Pune comes next with 1.13 lakh units launched and about 75, 000 units sold in the affordable segment while Bengaluru, Chennai & Hyderabad saw the least activity in the affordable segment and it is the biggest shift that the Indian real estate market has seen so far. The previously 'unaffordable' real estate markets of NCR and MMR have led the thrust of affordable housing - in both new supply and housing sales - over the last five years. These two regions contributed a whopping 55% share of the overall new budget housing supply between 2014 and 2018. The report also finds that of the total number of units launched during this period, approximately 3.98 lakh were budget homes and again, NCR and MMR contributed the highest share of sales at 57%, the find claimed.

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