Why are house prices so high in India? | In Focus podcast

In this episode, Shishir Gupta from CSEP joins us to discuss the factors behind the high cost of housing in India and suggests possible solutions.

February 29, 2024 04:10 pm | Updated 05:06 pm IST

Housing is a basic requirement for dignity of life. But affordable decent housing remains a distant dream for most Indians, especially in urban India. Close to 17% of all households in urban India live in slums, with this percentage shooting up to 41% in a city like Mumbai and 29% in Chennai.

Over the years, the government has taken many initiatives to address this problem, with schemes such as Indira Awas Yojana, and the ongoing Pradhan Mantri Awas Yojana (PMAY), an interest subsidy scheme for lower and middle-income groups. But these subsidy schemes hardly seem to make a dent on the housing crisis. The gap between people’s incomes and price points of housing stock, especially for the aspirational classes, remains wide.

Also read |Why is India’s affordable housing market shrinking? 

Why is housing in India so expensive? Why do the prices never seem to come within reach for most? A recent research paper, titled ‘House prices in India: How high and how long?’ co-authored by three analysts from the Centre for Social and Economic Progress (CSEP), Shishir Gupta, Nandini Agnihotri and Annie George, offers some insights on these questions.

Guest: Shishir Gupta, Senior Fellow and COO at CSEP, New Delhi.

Host: G. Sampath, Social Affairs Editor, The Hindu

Edited by Jude Francis Weston

Listen to more In Focus podcasts:

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.