Press Release

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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