Omaxe plans to invest Rs 8,000 crore in affordable housing over five years, with a goal to build 1 million low-cost houses across various states.
India's property market shifts focus to affordable housing as demand for luxury apartments cools. Developers now target young professionals with smaller, more budget-friendly homes.
Warburg Pincus invests $75M in Unique Affordable Homes for North & Western India projects
Chennai's residential flat sales decline due to high prices, impacting middle-class buyers. New apartments range from ₹70 lakh to ₹1 crore, exceeding affordability.
Developers adopt innovative techniques to make projects affordable, using eco-friendly materials and reducing construction costs up to 15%.
Rising real estate prices and interest rates are causing a decline in home loan demand in India, impacting the housing sector's growth.
Realty giants are embracing the affordable housing sector, launching low-cost residential projects targeting small and mid-income buyers in various Indian cities.
Matheran Realty to build affordable township in Karjat with 10,000 homes
Parsvnath Developers launches Parsvnath Preston in Sonepat, aiming for Rs. 500 crore profit. The project offers 1200 units, with 500 in the first phase, spanning 2.2 million sq ft.
Indian real estate values are anticipated to surge from $12 billion to $90 billion by 2015, driven by urban demand and a booming economy.
National Highway-24 (NH-24) is attracting significant real estate investment due to rising housing costs in key Uttar Pradesh cities. The area offers affordable housing options and has witnessed the development of several townships, boosted by its proximity to Delhi and improved infrastructure.
Red Fort Capital Advisors is set to invest an additional $500 million in India, focusing on affordable housing and logistics, while targeting top urban markets.
Greater Noida Authority will soon launch a new housing scheme with 5,000 single-story units priced around Rs 30 lakh each, featuring relaxed payment terms and expandable designs.