Shoddy location, poor design: 53% unhappy with affordable housing options

Quick Summary:

One major reason for this shift is that most homebuyers favour projects by large and listed developers, who they are confident will deliver their homes on time.

Over 51% of the current survey respondents prefer 3BHK units and just 39% will settle for 2BHK options.

Declining demand for affordable housing has had a cascading impact on its supply in the last one year.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Real estate projects in India Affordable housing MMR Real estate Hyderabad Chennai Delhi NCR Anarock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 11:34:16 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23147922

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 315 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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