Coronavirus to derail affordable housing segment's growth momentum

Housing fears

Houses in the affordable segment (unit price less than Rs 40 lakh) will be the worst hit among the different categories impacted by the ongoing Covid-19 crisis, according to Anarock Property Consultants. Anarock’s latest report shows that almost 40 per cent of the new houses added across the top seven cities in the past few years were in the affordable segment and the 610,000 houses were under construction when the crisis hit the country and the globe. The current situation has sparked fears around income generation and employment which are going to put further strain on the sales.