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Housing and Rent Reform | Addressing the housing crisis is at the core of Mamdani’s vision. He plans to freeze rents on all rent-stabilised apartments, reverse rent hikes in city-owned housing, build 200,000 permanently affordable homes over the next decade, and double funding for public-housing preservation. These measures aim to stabilise housing costs and make living in the city affordable for working-class New Yorkers. (Image: Canva)
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CNBC TV18•05-02-2026, 17:48

India's Homebuyers Chase Sub-₹75 Lakh Homes Amidst Supply Shortage

  • •Indian homebuyers, especially IT professionals like Rohit Sharma in Navi Mumbai, are actively seeking homes under ₹75 lakh, facing limited choices.
  • •The Magicbricks PropIndex OND 2025 report reveals that homes under ₹75 lakh accounted for 43% of demand but only 17% of active listings, indicating a significant mismatch.
  • •Developers are shifting towards premium segments (₹1.5 crore to ₹3 crore) due to rising land prices, construction costs, and regulatory expenses, making affordable housing less viable.
  • •Demand for sub-₹75 lakh homes is predominantly end-user driven, supported by household formation, improved infrastructure in peripheral areas, and first-time homebuyers.
  • •The widening gap between demand and supply could lead to price increases in affordable micro-markets and slow overall housing sales, necessitating recalibrated supply strategies.
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