Senior executive Manju Yagnik from Nahar Group highlights the growing scarcity of Mumbai homes under Rs 1 crore without subsidies. Factors like rising construction costs, high demand, and rapid urbanization are driving up prices, making affordable housing a major issue for potential buyers in India's financial capital.
Uttarakhand is set to complete 16,000 affordable homes by March 2025, providing subsidized housing to low-income families through UHUDA and MDDA initiatives.