Mumbai's skyrocketing real estate prices mean ₹50-60 lakh budgets fetch only about 200 sq ft of space, as seen in recent sales like a 235 sq ft Dahisar studio at ₹62 lakh and a 160 sq ft Dadar flat for ₹49 lakh. Young professionals and small families turn to compact homes amid calls for Budget 2026 reforms to revise affordable housing caps and boost PMAY-U effectiveness.
Knight Frank's Q3 2025 report reveals Bangalore's residential prices rose 15% year-on-year, second to NCR's 19%. Anarock data back 15-20% growth in 2024. Premium areas like Sarjapur Road, Whitefield, and North Bangalore see huge demand from IT pros, startups, and NRIs, making 2BHKs under ₹1 crore scarce.
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.
Peripheral and South Bangalore face price adjustments due to high inventory and EMI pressures, while prime areas maintain stability. Infrastructure-driven North may see moderate growth in H2 2025.
JLL India forecasts Mumbai's residential market to approach peak affordability by 2025, driven by projected interest rate cuts and balanced price growth. Homebuyers may benefit from improved financing terms and reduced borrowing costs, creating favorable conditions for purchases.
Bhopal's district administration proposes an 18% average increase in collector guideline rates for 1,283 locations, sparking opposition from real estate stakeholders who warn of housing affordability issues and economic repercussions. Deadline for objections extends, with CREDAI and public representatives urging a revision.
The State Legislative Assembly reduced stamp duty on first-time registrations of apartments priced between Rs 35 to 45 lakhs to 3%, aiming to boost the real estate sector.
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.