Homes getting out of reach for middle class?
Homes getting out of reach for middle class?
Share of affordable housing at all-time low in Q1
Share of affordable housing at all-time low in Q1
Luxury homes priced between Rs 3 crore and Rs 5 crore have seen a substantial jump
From 3% of the residential market in Q1, 2022, to 7% in Q1, 2024.
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Share of premium homes, priced above Rs 1.5 crore, however, is seeing a good run.
Share of premium homes, priced above Rs 1.5 crore, however, is seeing a good run.
The past two years have seen the share of affordable homes sliding from 27% in Q1
2022 to 15% in Q1, 2024
The lowest market share for affordable homes in years, according to JLL.
The lowest market share for affordable homes in years, according to JLL.