India’s supply of homes priced under ₹5 million (~₹1 crore) has plunged to its lowest point since 2018, according to Knight Frank. PropEquity data shows the number of units under ₹1 crore dropped by 36% from 3.10 lakh in 2022 to just 1.99 lakh in 2024. Major metro areas have been especially hard hit: Hyderabad (−69%), Mumbai (−60%) and NCR (−45%). Tier‑2 cities also saw a steep 54% decline in Q1 2025. The trend reflects developers pivoting toward premium and luxury builds, driven by rising land, labor and material costs alongside slimmer margins in the affordable segment.Experts warn this may exacerbate India’s housing-access disparity and call for bold policy intervention.
Brihaspathi Technologies Seals $10 M Deal, MSRTC Project & IPO Plan
Hyderabad’s AI‑powered surveillance firm Brihaspathi Technologies has raised USD 10 million from foreign institutional investors. The funds will build a 72,000 sq ft CCTV factory in Hyderabad and add over 400 staff by year-end. It also landed a major AI-enabled CCTV contract with Maharashtra State Road Transport Corporation. With over 1.2 million cameras already deployed across government bodies, from BSF to NEET exam venues, the company forecasts 30% revenue growth for FY 2025–26 and is planning an IPO next fiscal year.
