[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian real estate news to share with you which is as undermentioned.
MUMBAI: Property markets of Mumbai Metropolitan Region (MMR) and National Capital Region (NCR) have witnessed a major shift as both new supply and housing sales have led the thrust of affordable housing over the last five years since 2014.
Both the regions contributed 55% share of the overall new budget housing supply between 2014 and 2018. The total number of units launched, during this period, around 3.98 lakh were budget homes. NCR and MMR contributed the highest share of sales also at 57%, showed a report by ANAROCK Property Consultants.
“The ‘Housing for All by 2022’ mission threw a much-needed lifeline to the afforda ble housing segment. The term 'afforda ble' has become respecta ble and builders who earlier shied away fr om it now hold huge portfolios in this category. This segment grew tremendously on the back of multiple sops introduced to both buyers and developers over the last five years,” said Anuj Puri, Chairman, ANAROCK Property Consultants.
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