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.
In Q1 2024, India's top seven cities recorded over 1.30 lakh homes sold, the highest in a decade, supported by the RBI's decision to maintain a stable repo rate.