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India's housing boom prices out families
3 Dec
Summary
- Property prices in India vastly exceed income growth.
- Developers focus on high-end projects, reducing affordable options.
- Homeownership is becoming unattainable for ordinary families.
India's real estate sector is experiencing a significant boom, yet this prosperity is largely inaccessible to the average citizen. Property prices have surged dramatically, far outpacing income growth across major urban centers, effectively pricing out ordinary families.
Developers are increasingly focusing on high-end projects, which exacerbates the scarcity of affordable housing options. This trend transforms the housing market into a realm of speculation rather than providing essential shelter for those who need it most.
Without a fundamental policy change prioritizing genuine affordability, the dream of homeownership will remain out of reach for the majority, leaving urban housing as an investment vehicle rather than a basic necessity.
