Mumbai’s Housing Affordability Crisis Ahead of Budget 2026

Buying a home in Mumbai is becoming very hard for many people.

The government says homes costing up to ₹45 lakh are affordable, but in Mumbai, even basic homes cost more than that.

People want the government to change this rule to ₹80–90 lakh so more people can get help.

Home loans are also expensive, and the tax break for interest is too small.

The government has a housing scheme, but it doesn’t help much in Mumbai because the prices are too high.

Renting is also expensive, and there aren’t enough protections for renters.

The government could help by lowering taxes on new homes and improving public transport so people can live farther from the city center.

The upcoming budget is important because it could make housing more affordable for people in Mumbai.