Q: The demand for affordable housing is more but few Tier I cities are not able to supply such kind of property. Will the new government help in this matter?
The population of buyers looking for affordable housing in the country makes up more than two third of the population of home buyers. But most of the tier-I cities have started going beyond the reach of the Indian middle class, making it increasingly difficult for the middle class to buy a house in these cities. However, with a government promising growth and development at the Centre, the hopes of being able to purchase a property in the big cities have been renewed.
Buyers in several tier-I cities such as Mumbai, Delhi and Pune are looking desperately for affordable housing, as property values have sky-rocketed over the past few years. With the new government at the Centre, the hopes for affordable housing across the country seems to be renewed.