# Urban India faces shortage of 10 million affordable homes 2026-08-07T21:04:18+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet India Today reports that only 28,102 of the 1.87 lakh homes launched in India's eight largest cities in the first half of 2026 were affordable, according to Knight Frank. Urban India faces a shortage of nearly 10 million affordable homes, and the gap is widening. Despite the Pradhan Mantri Awas Yojana-Urban (PMAY-U) delivering 9.9 million homes in its first phase, new supply has shifted sharply to high-end housing: homes above Rs 1 crore rose from 14% to 62% of launches since 2018. Private developers have exited affordable housing due to high land costs, thin margins, and regulatory delays, leaving government schemes unable to scale enough to meet demand. ## Coverage - indiatoday.in Tags: affordable housing, housing shortage, Knight Frank, PMAY, real estate, urban India Canonical: https://indianopinion.org/urban-india-faces-shortage-of-10-million-affordable-homes/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/urban-india-faces-shortage-of-10-million-affordable-homes/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.