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India's Middle Class Doesn't Exist Anymore I Feat. Kalyan Chakrabarti - CEO - EMAAR I Kunal Vasudeva
Middle income housing in India’s Tier 1 cities. The numbers behind the gap.
A household earning ₹30 lakh a year sits in the top decile of urban earners in India. In Mumbai, Bengaluru, Hyderabad, and Gurugram, that income does not service a home loan on a 2BHK within 30 - 60 kilometres of the city centre.
Government housing schemes are designed for households earning below ₹18 lakh annually. Developer inventory in Tier 1 cities is priced for households earning above ₹75 lakh. The bracket in between has no product designed for it.
The hospitality industry sits inside this gap in a specific way…
The skinny
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