+
67% housing demand in Mumbai affordable segment
Real Estate

67% housing demand in Mumbai affordable segment

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.

Also read:
Gadkari announces new projects worth Rs 7k cr for UP
Chennai Metro phase 2 to feature driverless trains

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. Also read: Gadkari announces new projects worth Rs 7k cr for UP Chennai Metro phase 2 to feature driverless trains

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code