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

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?