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.
India's 2022 budget allocated Rs 48,000 crore for affordable housing under PMAY, with plans to construct 80 lakh houses. A high-level committee will advise on urban planning.