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Delhi NCR, Mumbai see highest growth in affordable housing in last 5 years

Delhi NCR and Mumbai together accounted for 57% sales and 55% supply of all afforable housing units built between 2013 and 2018
Hyderabad and Bengaluru see the least absorption of affordable housing units at 15% and 17%, respectively

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Mumbai: Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) centred on Delhi have seen the highest growth in sales and supply of affordable housing units in the last five years even as the overall residential market remained subdued during the period, a report by Anarock Property Consultant Ltd and Confederation of Indian Industry (CII) has found.

According to the report Affordable Housing: The Blue-Eyed Boy of Indian Real Estate released on Friday, around 7.65 lakh affordable housing units—costing less than ₹40 lakh each—were built between 2013 and 2018 in the top seven cities, accounting for nearly 38% of the total supply of residential units.

Of the total, 5.95 lakh units were sold during 2013-18, with Delhi NCR, Mumbai and Pune witnessing the highest absorption.

Delhi NCR and Mumbai Metropolitan Region together contributed 57% to the total affordable housing sales, the report stated. These two regions also contributed over 55% to the overall supply of budget homes in the country.