India's mid-income housing volumes increased by 8% QoQ and 16% YoY: Report
New Delhi, June 29 -- According to a report by Elara Capital, India's mid-income segment, consisting of homes with an average ticket size of Rs 10-30 million, saw sales volumes increase by 8 per cent quarter-on-quarter (QoQ) and 16 per cent year-on-year (YoY).
Similarly, the luxury segment, featuring an average ticket size exceeding Rs 30 million, registered a 12 per cent volume expansion quarter-on-quarter and a 9 per cent growth year-on-year.
Conversely, the affordable housing segment, where the average ticket size sits below Rs 10 million, faced significant headwinds, with sales plunging 7 per cent quarter-on-quarter and 21 per cent year-on-year.
As per the report, the country's Tier-I cities experienced a 4 per cent quarter-on-quar...
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