MUMBAI: The Mumbai Metropolitan Region (MMR) and National Capital Region (NCR) have seen the maximum supply of affordable housing units in the last five years.
These two regions accounted for 55 per cent share of the total 6 lakh affordable units launched across the top 7 cities, property consultancy firm ANAROCK said in report.
Of the 3.98 lakh units sold in the sub Rs 40 lakh category, MMR and NCR hold 57 per cent share. Pune comes next with a sale of 75,000 units out of 1.13 lakh units launched during the period.
With developers shifting their focus towards the affordable housing segment on the back of numerous incentives provided by the government to both buyers and sellers, the share of affordable housing in MMR rose from 41 per cent in 2013-14 to 55 per cent during 2015-18.
According to ANAROCK, MMR’s peripheral central suburbs dominate the city's affordable housing supply with 55 per cent share of launches in this segment.
On the other hand, north Pune remained the dominant zone for affordable housing supply, accounting for 66 per cent of the total supply in the region.
The report added that micro markets such as Badlapur, Neral, Vangani, Panvel and Ambernath in MMR and Wagholi, Talegaon, Dabhade and Moshi in Pune are some of the most buoyant affordable housing locations.
“This segment grew tremendously on the back of multiple sops introduced for both buyers and developers over the last five years. The anticipated 8-10 per cent annual growth of this segment is also luring investors,” said Anuj Puri, chairman, ANAROCK Property Consultants.
