Middle class woes? Mid-segment home sales drops 36% in 2 years

You plan to buy a medium section (price 1 Rs 1 Crore), but failed to go by buying. Well, you’re not alone. There are thousands of Indians in front of it.

Since high domestic loans, increase in construction materials and increase revenue, and the uncertain growth of income, which has optimistic about Indian income households, the requirement of medium-income homes has significantly decreased over the past two years.

The director reports that over the past two years in the last two years of India has been 36% of the best real estate markets in India by 36%. In 2024, sales of such housing units decreased to 198,926 points, from the top of 310,216 points in 2022. Starting in 2024 decreased by 30% more than 2023, marking a trend that is now becoming more and more obvious.

Heyderabad, Mumbai and Delhi, reported the decline of the part between 2022 and 2024. Heyderabad, the market that grows by flights and borders the past two years. In terms of sections, sales in the market in 2022 in 2022 fell from 42,747 points to 13238 points.

In Mumbai, the country’s largest real estate market, the decline was 60% in line, followed by Delhi (-45%). In higher growth markets, such as Pune and Bengaluru’s sales, accordingly fell by 32% and 33%.

In contrast, the supply of houses at home has increased by 48% in the last two years, the leader of which takes Delhi. The sale of medium income houses in the capital’s region increased by 192%, followed by India IT and starting node Bengalatu, where sales flew to 187%. Before Chennai (127%), Kolkata (58%), Navi Mumbai (70%), Than (53%) and Pune (52%) recorded an impressive increase in housing sales. However, Heyderabad and Mumbai have seen 11% and 14%, respectively.

According to Samir Jasuja, the lack of supply of the founder and Executive Director, Property, Promequm, Rs 1 Crore Price is a major factor in this drop. “Today, 8% of India’s population lives in 1 cities, and that number will grow privileged in the next five years, as more people are moving to those cities for employment opportunities. The lack of supply of this category, if not participates in the government on time, will lead to a housing crisis, which will lead to Australia and Canada, “he said.

It is estimated that the growth of increasing and growing nuclear families is estimated that 15 million new houses will be required in these cities for the next five years.

“In order to solve this problem, the government should not justify developers through tax cuts and subsidies to provide an average income to make a viable option,” Jasuja added.