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"Affordable housing has declined by 15-20% for first time in 45 Years," sa
Updated : 2 months, 2 weeks ago IST
He noted that while the overall industry is growing, the sector meant for low-income buyers is shrinking. "The biggest problem we see today in housing is in the affordable housing segment," Hiranandani said.
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Construction cost for real estate sector to decline by 3.5-4.5% because of
Updated : 8 months ago IST
Rationalisation of tax rates on construction material is expected to cut the construction cost for the real estate sector by 3.5 to 4.5 per cent, according to a report by Crisil Intelligence. The government has announced to cut GST rates on cement, marble, granite, sand, bricks, etc substant
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Luxury homes soar to 21 per cent market share; Affordable housing declines
Updated : 2 years ago IST
In Q1 2024, of approximately 1.30 lakh homes sold across the top 7 cities, luxury homes priced above Rs 1.5 cr constituted a significant share of 21 per cent, accounting for around 27,070 units. This marks a drastic increase compared to Q1 2019 when luxury homes comprised only 7 per cent of
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