pexels
Affordable housing segment --- apartments priced up to Rs 45 lakh-- is contributing nearly half of the total demand in the primary residential market across eight major cities, real estate brokerage firm PropTiger.com said on Friday.
Addressing a webinar, PropTiger COO Mani Rangarajan said the April-June quarter may witness demand slowdown because of the second wave of the COVID-19 pandemic but sales should pick up in the second half of this year.
He ruled out price correction in the primary housing market, saying that builders have been operating at a thin profit margin.
In its Real Insight report for January-March 2021 quarter. PropTiger found out that around 45 per cent of sales in January-March 2021 were contributed by the affordable housing segment.