Dr. Niranjan Hiranandani said that India's affordable housing crisis is worsening and threatens the nation's ability to sustain long-term economic growth [1, 2].

The lack of accessible housing for lower-income groups creates a systemic risk. Without a stable place to live, the workforce cannot support the industrial and urban expansion necessary for a developing economy.

Hiranandani, a real-estate veteran with more than 45 years of business experience [2], said the supply of affordable housing is falling. This decline has made homeownership increasingly unattainable for those in lower-income brackets [1, 2].

The shortage of low-cost units pushes the population toward precarious living conditions. Hiranandani said the current trajectory of the housing market is unsustainable for the broader population.

He said that the gap between housing demand and available supply is widening. This imbalance prevents a significant portion of the population from building equity through property ownership [1].

Addressing these needs is not merely a social requirement but an economic imperative. The real-estate leader said that the country cannot maintain its growth targets if the basic need for shelter is not met for its most vulnerable citizens [1, 2].

“India’s affordable housing crisis is worsening”

The warning from a seasoned industry figure suggests a structural failure in the Indian real estate market where luxury developments are outpacing the need for basic shelter. If the supply of affordable housing continues to shrink, India may face increased urban instability and a stunted economic trajectory as the working class is priced out of stable residency.