India's real estate market is experiencing a boom, with record highs in commercial space take-up and strong office leasing volumes. However, this growth masks a significant shortage in affordable housing, with launches of flats priced below 5 million rupees dropping from 52% in 2018 to 17% last year. Conversely, sales in the premium and luxury segments are thriving, now accounting for 71% of transactions. This supply crunch in the low-to-mid-end housing market is a critical concern as India's urbanization accelerates. AI
RANK_REASON The item is an opinion piece discussing trends in the Indian real estate market.
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