Archive · 3 Oct 2026
CREDAI Seeks Affordable Housing Price Cap Removal
CREDAI is a group that represents real estate developers in India.
It wants the government to change how affordable homes are defined.
CREDAI says the current ₹45 lakh price limit should be removed.
Instead, it proposes size limits of 60 square metres in metro cities and 90 square metres elsewhere.
The group says building costs differ from city to city, and land, taxes and approvals can make homes harder to build.
It says developers are not supplying enough affordable homes to meet demand.
The government is preparing a new policy, and CREDAI hopes it will be introduced within six months.
A report by CREDAI and ANAROCK says India’s real estate market could reach $1 trillion by 2030.
CREDAI wants the government to remove the ₹45 lakh affordable-housing price ceiling.
It proposes carpet-area limits of 60 sq m in metros and 90 sq m in non-metros.
CREDAI says differing land and construction costs, along with tax and approval constraints, hinder affordable-home supply.
The government is preparing a new affordable-housing policy, and CREDAI hopes changes will come within six months.
A CREDAI-ANAROCK report projects India’s real estate market could reach $1 trillion by 2030.
- Who
- The Confederation of Real Estate Developers’ Associations of India (CREDAI), represented by President Shekhar Patel.
- What
- CREDAI proposed removing the ₹45 lakh price ceiling and defining affordable homes by carpet area.
- When
- The proposal was discussed on October 2, 2026; CREDAI hopes policy changes will come within six months.
- Where
- The proposal was discussed at CREDAI’s NATCON in Kolkata and applies to metropolitan and non-metropolitan cities in India.
- Why
- CREDAI says varying land and construction costs, along with taxes and approval constraints, make the price-based definition difficult to apply and limit affordable-home supply.
- Current price ceiling
- ₹45 lakh; CREDAI wants it removed
- Proposed metro size limit
- 60 sq m of carpet area
- Proposed non-metro size limit
- 90 sq m of carpet area
- Expected policy timeline
- CREDAI hopes changes will be introduced within six months
- Real estate market estimate
- Approximately $600 billion in 2025, projected to reach $1 trillion by 2030
- Real estate under construction
- $503 billion across residential, office, retail and warehousing in 2025
- Projected sector employment
- 30 million by 2030
