Covid-19 to derail affordable housing segment's growth momentum: Report

As on Q1 2020 end, there are more than 2.34 lakh unsold affordable homes in the top seven cities

With nearly 6.1 lakh affordable housing were under construction, the Covid-19 pandemic is all set to derail the growth momentum in 2020, according to a new report by property brokerage firm Anarock.

This will be one of the worst-affected segments. This is over 39 per cent of the total 15.62 lakh under-construction units in the top seven cities -- the highest share of all budget categories, news agency ANI reported.

While the report estimates overall unsold housing inventory to shrink annually by one to three per cent this year, the unsold affordable stock may actually increase by one to two