Luxury vs. Affordable Homes: What's Driving India's Housing Market?
Personal Finance
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CNBC Awaaz•23-01-2026, 16:13
Luxury vs. Affordable Homes: What's Driving India's Housing Market?
- •India's housing market is split between a booming luxury segment (above 1 crore) and a struggling affordable homes sector.
- •Luxury home sales, driven by rising incomes and investment perception, now account for over 30% of total sales in major cities.
- •Affordable homes face declining sales due to increased land/construction costs, rising EMIs, inflation, and limited loan options.
- •Basic Home Loan CEO Atul Monga emphasizes simplifying loan eligibility, extending payment periods, and assessing actual income for affordable housing.
- •Digital lenders and fintech platforms are bridging the gap for first-time homebuyers, providing loans to those previously excluded by traditional banks.
Why It Matters: While luxury homes boom, strengthening affordable housing through loan reforms is crucial for India's inclusive growth.
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