India, March 13 -- As real estate developers increasingly focus on high-margin luxury projects, budget-conscious buyers face growing challenges to homeownership. The launch of mid-end housing projects, with properties priced between Rs.40 lakh and Rs.80 lakh, in Bengaluru dropped by 29% in 2024, according to a report by NoBroker.

This decline reflects the shrinking affordability in the market, driven by a lack of budget-friendly options. Consequently, entry-level buyers are left with fewer choices, potentially pushing them towards suburban areas or the resale market in search of more affordable alternatives, it said.

In 2023, Bengaluru saw 15179 new launches in the mid-end segment, with a 29% share of the total launches, which dropped t...