The gap between rich and poor in Indias housing market keeps getting bigger. While the nations top-1% (who own about forty-percent of its wealth) snap-up high-end properties the average person cant keep up with rising costs
Ajay Sharma from Colliers International points out an important fact: “The segment which is driving all this price-increase is the luxury segment; And this will continue for some more time but the entire narrative we all are seeing is very rosy“
Property experts gave these price-rise predictions:
- Last year saw a 4‚3% increase
- This year expects a 7% jump
- Next year might see 6‚5% growth
- 2026 could bring 7‚5% more
The rental market isnt helping either — costs might go up between 7‚5% to 10% soon. Sunita Mishra from Housing.com explains: “The stress on housing affordability will pressure more people to opt for renting pushing the demand up in this segment“
With over 1‚4 billion people living in India developers focus mainly on premium homes (which leaves less options for first-time buyers). Interest rates might drop a bit early next year — but experts dont think its enough to help average buyers find affordable homes