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.
Home sales across major Indian cities continue to plummet despite developers offering incentives, with Hyderabad experiencing the steepest decline of 46%.
CREDAI submits memorandum to Finance Ministry to remove service tax on under-construction housing complexes.