However, the pandemic seriously impacted the affordable housing segment, with both demand and supply shrinking to their lowest levels.

The segment had revived after the government began to roll out incentives from 2015 and became ‘respectable’ with both buyers and developers. 

India's residential real estate sector looks hopefully to Budget 2023-24 to boost the country's flagging affordable housing segment, stated ANAROCK's 2018 Consumer Sentiment Survey.

The segment had revived after the government began to roll out incentives from 2015 and became ‘respectable’ with both buyers and developers. 

However, the pandemic seriously impacted the affordable housing segment, with both demand and supply shrinking to their lowest levels.

ANAROCK's Consumer Sentiment Survey finds that in 2022, demand for affordable housing has sunk precariously. In 2018, approx. 39% property seekers in the top 7 Indian cities were keen on affordable homes priced within Rs. 40 lakh. This demand shrunk to its lowest levels in 2022, with just 26% property seekers looking to buy in this budget segment.