Supply of affordable housing down but not demand: HDFC Capital MD & CEO

Quick Summary:

HDFC Capital Advisors MD and CEO Vipul Roongta on Tuesday said the supply of affordable housing has gone down across major cities but not the demand, and urged real estate developers to focus on building homes costing Rs 50 lakh to Rs 1 crore.

He said the supply of housing units, in Rs 35-75 lakh price bracket, has abysmally gone down leading to decline in sales, which is being wrongly interpreted as that the demand of affordable units is going down.

It is the supply of affordable that has gone down," said Roongta, who is Co-Chairman, FICCI Committee on Urban Development & Real Estate.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Real estate sector Housing HDFC Capital Advisors HDFC Capital HFC group Banks Vipul Roongta

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 16:54:38 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 26082243

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