Mumbai Metropolitan region leads in home demand; Delhi NCR lagging behind: Pankaj Kapoor

Demand for affordable and priority housing segments has declined due to higher costs, while mid and upper segments continue to show growth. The pandemic has led to an increased aspiration for larger homes, with new projects launching slightly larger 1 BHK and 2 BHK apartments. However, increasing property prices and interest rates have resulted in a cumulative increase in the cost of owning a home by nearly 28-30%, with affordability shrinking by 15%.