Covid-19 will 'derail' growth momentum of affordable housing in 2020: Report

By A Representative
The coronavirus crisis and the ongoing lockdown in India is likely to severely affect the country's affordable housing sector, according to a report by Anarock Property Consultants. It notes that around 6.1 lakh affordable housing units were under construction across seven major cities when the 21-day nationwide lockdown was announced (on March 24 midnight), which are now stalled.
"The COVID-19 pandemic is all set to derail the growth momentum of affordable housing in 2020. This will be one of the worst-affected segments. As many as 6.1 lakh affordable units were under construction across top 7 cities when the lockdown was announced. This is over 39 per cent of the total 15.62 lakh under-construction units in the top 7 cities -- the highest share of all budget categories," the report says.
It states that while the overall unsold housing inventory is likely to shrink by 1-3 per cent in 2020, the unsold affordable stock may actually increase by 1-2 per cent during this period.
This is in sharp contrast to the trend in the past few years when the demand for the affordable housing units has been higher than the higher-end properties.

Comments

Beyond the 'silent relocation' narrative in Bangladesh's Chittagong Hill Tracts

By Dr. Mohammad Asaduzzaman* In recent years, a narrative has emerged from the rugged and forested terrain of the Chittagong Hill Tracts (CHT), portraying the region as the site of a “silent relocation” — a mass forced migration of Bangladesh’s non-Muslim ethnic communities into neighboring India and Myanmar.

Ram, Bam and Bengal: Memories of a Left turn toward the Right

By Rajiv Shah The BJP ’s massive electoral win in West Bengal is being interpreted across political persuasions — except, of course, by the BJP itself — as the result of the alleged deletion of around 90 lakh voters from the electoral rolls during the controversial intensive revision process. This may well be true, given my own experience in Gujarat regarding the shoddy manner in which electoral revisions have often been conducted. In West Bengal, there also appeared to be a political angle to the exercise. But I am not interested in discussing that here, as enough has already appeared in the media on the subject.

India's housing boom hits a wall: Prices soar, buyers struggle

By Rajiv Shah India's residential real estate market recorded near-flat growth in the January–March quarter of 2026, with sales volumes dipping year-on-year even as property prices hit a historic milestone — crossing ₹10,000 per square foot for the first time.

Counterview

Search This Blog