Affordable housing a critical gap in India’s real estate boom

India’s property market has gone from strength to strength. All the main sectors continue to perform extremely well. Last year, take-up of shopping centre and warehouse space reached record highs. In the first half of this year, office leasing volumes rose to their second-highest level for the period on record, while new flat sales in the eight largest cities delivered one of the strongest half-yearly performances in 12 years.
Even the institutional investment market, the least liquid among the...