67% housing demand in Mumbai affordable segment

11 Oct 2022 CW Team

According to reports, the Mumbai Metropolitan Region (MMR) recorded a staggering 67 per cent of housing demand for units priced less than Rs 250,000. Despite strong interest in the residential sector, the supply of affordable housing has not been able to meet this demand. Demand concentration was 13 per cent for housing units priced between Rs 2.5-5 million, and 20 per cent for units priced above Rs 5 million. In comparison, the supply of housing units priced above Rs 5 million was the highest at 44 per cent, followed by the Rs 2.5-5 million category at 34 per cent. Only 22 per cent of units priced less than Rs 2.5 million were available, indicating a significant shortage of affordable housing.

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