India, May 14 -- The definition of affordable housing has evolved, especially in Bengaluru, where a Rs.50 lakh house from 10 years ago can now cost Rs.2 crore due to inflation. Homes priced between Rs.1.5 crore and Rs.3 crore are now considered the sweet spot for volume and sales, Zayd Noaman, president, CREDAI Bengaluru, told HT.com.

"Due to inflation, a Rs.50 lakh home a decade ago could cost Rs.2 crore now in Bengaluru. Salaries have increased, and the Rs.1.5-3 crore range is now the sweet spot in terms of volume and sales in cities like Bengaluru today," Noaman said.

Noaman noted that over the past two years, Bengaluru has seen significant growth in both volume and property prices. This surge in capital values is driven by the city'...