Steady demand, falling supply: What's ahead for mid-segment homes in India?

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Steady demand, falling supply: What's ahead for mid-segment homes in India? - Business Standard

Quick Summary:

Anuj Puri, chairman of Anarock Group, said that "steep land prices and inflationary construction costs in the last few years" have been some factors driving a shift in the trend.

According to industry data, the share of costlier homes in total sales has risen to 41 per cent in the first six months of this year from 30 per cent last year.

Considerable attention has been devoted to the rising demand for luxury and ultra-luxury homes in India, commanding prices upwards of Rs 1 crore.