Lakhotia Realty Sells 100+ ₹25-Lakh Homes In Panvel, Affordable Housing Demand Stays Strong
Mumbai: Lakhotia Realty has sold more than 100 homes priced at around Rs 25 lakh each within five weeks of launching its GPS (Greater Panvel Superzone) project in Kewale, Panvel, according to the developer. The rapid sales come at a time when India’s affordable housing segment is witnessing declining sales and shrinking supply. Affordable Housing Bucks Wider Trend At a Rs 25-lakh ticket size, an…
Mumbai: Lakhotia Realty has sold over 100 homes priced at approximately Rs 25 lakh each within five weeks of commencing its GPS (Greater Panvel Superzone) project in Kewale, Panvel, according to the developer. This surge in sales coincides with a broader decline in affordable housing sales and supply across India. The exceptional response to the Rs 25-lakh ticket size homes indicates that demand for affordable housing in this price range remains strong despite a 17 percent drop in sales of homes below Rs 50 lakh across India's top eight residential markets in 2025.
Lakhotia Realty Founder and Director RM Lakhotia stated that the response to the affordable homes debunks the notion that genuine demand for such homes has disappeared, attributing this to the limited availability of entry-level homes priced below Rs 50 lakh. The Kewale project, situated within the expanding Panvel-Navi Mumbai infrastructure belt, offers advantages such as connectivity to Navi Mumbai International Airport, Atal Setu, and JNPT.
Furthermore, upcoming developments like International EduCity and MediCity are anticipated to bolster the Ulwe-Panvel growth corridor. The strong interest in the Panvel project underscores a critical question for India's housing market: is the challenge facing affordable housing due to a dwindling buyer base or the scarcity of genuinely affordable homes?
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