Despite a decade of policy announcements and massive budget allocations promising "Housing for All," affordable housing's share of India's real estate market has crashed from 54% to just 26% since 2018. Meanwhile, luxury housing sales have surged 53% in a single year, leaving millions of middle-class families priced out of basic homeownership.
India's crisis-hit shadow bank Dewan Housing Finance (DHFL) has submitted a draft resolution plan proposing to convert debt to equity while seeking to sell...
