India Affordable Housing Market is expected to grow at a CAGR of 19.80% through 2030
Urbanization & Demographic Shifts Global Market
Integration are factors driving the India Affordable Housing Market in the forecast period 2026-2030.
According
to TechSci Research report, “India Affordable
Housing Market - Industry Size, Share, Trends, Opportunity, and Forecast 2020-2030F”, the India Affordable Housing Market is expected to register robust
growth during the forecast period. the implementation of the Real Estate
(Regulation and Development) Act, 2016 (RERA) has brought about significant
reforms in the real estate sector. RERA mandates transparency, accountability,
and timely project completion, thereby enhancing consumer confidence and
investor trust in the sector. This regulatory framework has played a crucial
role in curbing malpractices, ensuring fair practices, and protecting the
interests of homebuyers, which are essential for the sustainable growth of the
affordable housing market.
Various
tax incentives and exemptions provided by the government, such as reduced Goods
and Services Tax (GST) rates for affordable housing projects, further bolster
the affordability of housing units. These fiscal measures incentivize
developers to invest in affordable housing and pass on cost savings to
homebuyers, thereby stimulating demand within the market.
Browse
over XX market data Figures spread through 86 Pages and an in-depth TOC on the "India Affordable Housing Market"
Based
on Income Category, the
EWS segment is expected to dominate the market during the forecast period. The
Economically Weaker Sections (EWS) segment represents a critical component of
the India Affordable Housing Market, focusing on providing housing solutions
for households with limited financial means. This segment is defined by income
thresholds set by the government, typically targeting individuals and families
with lower income levels who face significant challenges in accessing decent
and affordable housing. The demand for affordable housing in the EWS segment is
driven by socio-economic factors, including poverty, informal employment, and
inadequate housing conditions prevalent among marginalized communities. Many
EWS households reside in slums, informal settlements, or dilapidated housing
structures lacking basic amenities such as clean water, sanitation, and
electricity. Urbanization and rural-urban migration further exacerbate the
housing demand in this segment, as individuals and families seek better
livelihood opportunities in urban centers. The lack of formal housing options
affordable to the EWS segment has led to the proliferation of informal
settlements and slums on the outskirts of cities, where access to basic
services and infrastructure is limited. The Indian government has launched
several initiatives and policy measures to address the housing needs of the EWS
segment. The Pradhan Mantri Awas Yojana (PMAY) is a prominent example, which
includes specific provisions under the Credit Linked Subsidy Scheme (CLSS) to
provide interest subsidies on home loans for EWS beneficiaries. These subsidies
reduce the financial burden on EWS households, making homeownership more
achievable and affordable. Regulatory reforms such as the Real Estate
(Regulation and Development) Act, 2016 (RERA) ensure transparency,
accountability, and consumer protection in the real estate sector, benefiting
EWS homebuyers by safeguarding their interests and promoting fair practices in
housing development. Looking ahead, the EWS segment of the India Affordable
Housing Market presents both challenges and opportunities for stakeholders.
Continued government support through policy reforms, financial incentives, and infrastructure
investments will be crucial in expanding access to affordable housing for EWS
households across urban and semi-urban areas. While addressing the housing
needs of the EWS segment remains a complex endeavor, concerted efforts from
government agencies, private developers, and civil society organizations can
contribute to creating sustainable and inclusive housing solutions that empower
EWS households and foster equitable urban growth in India.
Key
market players in the India Affordable Housing Market are:-
- Tata Realty and
Infrastructure Limited
- Migsun Group
- Nila
Infrastructures Limited
- DLF Limited
- Godrej
Properties Limited
- Unitech Limited
- Prestige
Estates Projects Ltd
- Larsen &
Toubro Limited
- Shapoorji
Pallonji & Company Private Limited
- Mahindra
Lifespace Developers Ltd
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“The
Affordable Housing market in India is expected to grow owing to Government-led
initiatives such as the Pradhan Mantri Awas Yojana (PMAY) play a pivotal role
in driving the affordable housing market. PMAY provides subsidies, interest
rate benefits, and financial incentives to both developers and homebuyers,
particularly in the economically weaker sections (EWS), low-income groups
(LIG), and middle-income groups (MIG).” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based India management consulting
firm.
“India Affordable Housing Market By
Providers (Government, Private Builders, Public-Private Partnership), By Income
Category (EWS, LIG, MIG), By Size of Unit (Up to 400 square feet, 400-800
square feet, Above 800 square feet), By Location (Metro, Non-Metro), By
Population (Slum Population, Non-Slum Population), By Region, Competition,
Forecast and Opportunities 2020-2030F” has evaluated the future growth
potential of India Affordable Housing Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Affordable Housing Market.
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