India's Missing Affordable Homes

Amidst the post-COVID surge in home prices and rents, the pursuit of affordable housing in India's major cities intensifies. Young professionals and low-income families grapple with the daunting question: will owning a home ever be feasible? Despite significant strides by PMAY (U) under the Modi Government,  years, surpassing its predecessor JnNURM, the affordable apartments and units in India's top 7 cities, still fall short of fulfilling the needs of many urban low-income families. Should the government address this gap by providing homes priced under INR 40 Lakh, rather than relying solely on the private sector? Moreover, why are private players not building affordable homes? Explore this vital issue as Manisha Natarajan discusses it with Anuj Puri - Chairman, Anarock Group, and Vipul Roongta - MD & CEO, HDFC Capital Advisors Limited, for valuable insights.