Mumbai's affordable housing sector has witnessed significant growth with government initiatives like PMAY and state subsidies. Developers are focusing on creating compact yet functional homes in suburban areas. The demand for affordable housing has surged in regions like Thane, Navi Mumbai, and Panvel, offering better connectivity and amenities. Price points ranging from 30-60 lakhs are attracting first-time homebuyers and young professionals. Green building certifications and modern amenities are becoming standard features even in budget segments. The future of Mumbai's housing market depends on sustainable and affordable development strategies.
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