Why Housing is Unaffordable in Mumbai: Key Factors Explained with Dr. Niranjan Hiranandani

Dr. Niranjan Hiranandani shares insights into the critical reasons behind the housing affordability crisis in Mumbai. Discover how up to 50% of home prices are consumed by taxes and levies, including GST and stamp duty, making homes increasingly out of reach. We also examine the impact of the ready reckoner rate, which sets minimum transaction prices, and the challenges developers face with lengthy approval processes and high compliance costs. Join us as we uncover the complexities of Mumbai's real estate landscape and what it means for potential homebuyers.