Affordable housing demand is in steep decline in India.

What's behind the dip?

What's behind the dip?

Property research firms suggest that the demand for affordable housing has declined substantially in India.

compared to the mid- and high-range segments.

Demand for affordable housing has been gradually sinking in India since last year.

Affordable housing demand drops in India due to an interest rate hike.

Mid- and premium-end housing segments remain resilient in demand.

More rate hikes could hurt housing market sentiment.