Supply of homes priced up to Rs 1 crore falls 30% in 2024: PropEquity

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Supply of homes priced up to Rs 1 crore falls 30% in 2024: PropEquity - Business Standard

Quick Summary:

Fresh supply of affordable and mid-income homes costing up to Rs 1 crore fell 30 per cent last year to nearly 1.99 lakh units across nine major cities, according to PropEquity.

The supply of homes in the affordable and mid-income category (priced Rs 1 crore and below) across nine cities has dipped to 1,98,926 units in 2024 from 2,83,323 units in the preceding year.

Real estate data analytics firm PropEquity on Tuesday pointed out that India's top nine cities, where a majority of Indians migrate for jobs, are "staring at a housing crisis".