Supply-demand gap for affordable housing in MMR

12 Oct 2022 CW Team

Despite considerable demand for affordable housing in the Mumbai Metropolitan Region (MMR), there is a significant supply gap in the low-income category, i.e. houses costing less than Rs 25 lakh. According to a Knight Frank and Naredco report, while demand for this segment is 67 percent, supply is only 22 percent. This is primarily due to the high cost of land, as well as better returns from other asset classes, which makes it unviable for real estate developers to undertake affordable housing projects in prime areas.

MMR registered high demand for affordable housing units with 67 percent demand concentration being registered for units less than Rs 25 lakh. The demand concentration for housing units in the range of Rs 25 to Rs 50 lakh was recorded at 13 per cent and units above Rs 50 lakh at 20 per cent.

The supply of housing units above Rs 50 lakh recorded the highest concentration at 44 per cent followed by units in the range of Rs 25 to Rs 50 lakh at 34 per cent. The supply concentration for housing units less than Rs 25 lakh was recorded the lowest at 22 per cent, clearly showcasing the huge supply gap for urban affordable housing in the region, it said.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..