Local developers in real estate like Bengaluru, Delhi, and Mumbai continue to gain from the demand, triggered by the middle-class aspiration of owning a house.

Developers are shifting away from affordable housing, amidst a lack of government incentives and financial challenges.

Developers are moving away from affordable housing projects due to a number of reasons, including: 

• 1.Rising costs

• Land prices and raw material costs have increased, making it difficult for developers to offer affordable housing. 

• 2.Limited land
  

• Land availability is limited, and developers must pay high premiums to Urban Local Bodies. 
  
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• 3.Changing consumer preferences

• Customers are now looking for larger units, which are more expensive to build. 

• 4.Expired incentives

• Interest subvention schemes for affordable housing have expired, and developers are demanding tax breaks and other incentives. 

• 5.Better return

• Developers are turning to premium and luxury housing, which offer better returns.