Listen To The Article Affordable properties are quickly losing their appeal in India. Since the pandemic, homes under Rs 50 lakh have lost ground, making up just 15% of India's total residential real estate market. According to JLL, during the last two years, the percentage of inexpensive houses has decreased from 27% in Q1, 2022 to 15% in Q1, 2024, marking the lowest market share for affordable...
According to the ANAROCK Consumer Sentiment Survey 202,3 there is still a strong demand for mid-range and luxury properties, with 59 percent of consumers favoring residences between Rs 45 lakh and Rs 1.5 crore. The residences priced between Rs 45 and Rs 90 lakh are the most popular (favorited by 35% of respondents), followed by homes priced between Rs 90 and Rs 1.5 crore by 24% of respondents. This...