The demand for affordable housing in Delhi-NCR cities, specially Gurugram contributed 32% of the entire demand. Between 2018 and 2020, more than 79,830 economically priced apartments launched in Delhi-NCR. Out of this, almost 50% falls under the affordable priced region.
For the past few years, the real estate sector is passing through a tough phase. But now, with the improved demand and supply, the sector is gaining momentum particularly in Delhi-NCR area. The demand for affordable housing was the highest during the pandemic situation. Apartments costing under Rs 45 lakhs are especially in great demand.
According to a survey conducted by property consultant Anarock, the affordable houses accounted for 30% of the demand in the year 2019. The demand was about 40% in the year 2020 which is almost a 10% increase. Around 38% of the total economical housing demand across the country was from Delhi-NCR. Kolkata was second with 21% in terms of demand.
Further, the survey shows that between 2018 and 2020, more than 79,830 economically priced apartments launched in Delhi-NCR. Out of this, almost 50% was in the affordable priced region. It should be noted that the last twelve months has observed 18,530 models, of which 61% are affordable housing.
According to the Affordable Housing Policy Amendment, 2013, now one parking for each housing unit is free, which means that the buyer will get the additional facilities without paying any additional price.