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Affordable and luxury housing differ in pricing, amenities, location, and target buyers:
Price & Income Group:
- Affordable housing is priced under ₹45 lakh, catering to low- and middle-income groups.
- Luxury homes start from ₹1 crore+, targeted at high-net-worth individuals (HNWIs).
Amenities:
- Affordable homes offer basic infrastructure.
- Luxury residences include private pools, smart home automation, and concierge services.
Location:
- Affordable homes are usually in outskirts or tier-2 cities.
- Luxury homes are in prime city areas like South Mumbai and Gurgaon.
Affordable housing is government-subsidized, while luxury housing offers status and capital appreciation.
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