The inroads of Affordable Housing in India

21 Dec 2022 CW Team

Since the launch of the Pradhan Mantri Awas Yojana (PMAY) in 2015, housing in India’sleading eight cities has become considerably more affordable, according to Knight Frank India’s proprietary Affordability Index, which tracks the EMI (equated monthly instalment) to income ratio for an average household.

For example, Mumbai’s home purchase affordability index dropped from 97 per cent in 2014 to 57 per cent in Q3 2022 despite the city continuously holding the title of being the most expensive residential market in the country. After Mumbai, NCR and Bengaluru have seen the most improvement in the affordability of residential property. Ahmedabad, Pune, Kolkataand Chennai, in that order, was the most affordable housing markets in the country, based on this year’s assessment, according to Knight Frank India.

What’s behind this encouraging change?
“Both demand and supply of affordable housing have been addressed,” opines Pradeep Aggarwal, Chairman, Signature Global. Signature Global has a presence in core affordable housing or low-cost housing (units with a carpet area of about 750 sq ft, valued between Rs 20 lakh and Rs 30 lakh) as well as in entry-level mid-segment housing (units contained on a single floor in low-rise row houses in plotted colonies, with a super area of about 1,200 sq ft valued between Rs 40 lakh and Rs 80 lakh).

While demand-side measures boost the offtake of affordable housing, supply-side measures boost their development and availability.

Among the most potent demand-side measures that have been taken, Yashwin Bangera, Senior Vice President, Research, Knight Frank India, identifies a credit-linked subsidy scheme for easy and cheaper institutional credit to EWS, LIG and MIG households for the purchase of homes.

To read the full story, CLICK HERE.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..