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Higher property prices no bar, buyers seek larger homes, says Ficci-Anarock survey
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₹40-45 lakh. As a result, the new supply share of affordable housing has significantly contracted over the last two years in the top seven cities, dropping from 26% of total new launches in 2021 to 18% in 2023, a stark decline from 40% in 2019.
According to the survey, while the preferred budget for homebuyers remains within the ₹45-90 lakh range, there's been a growing interest in the premium category, homes priced from ₹90 lakh to ₹1.5 crore. The previously strong preference for ready homes, a trend up until 2020, has waned, with buyers now favouring developers with a solid track record of project execution and delivery.
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