The real estate sector in India is thriving with affordable housing at its center, due to government initiatives like Pradhan Mantri Awas Yojana (PMAY) and rapid urbanization in Tier-2 city real estate growth. In 2025, potentially industry-changing Indian real estate leaders are transforming the market by delivering quality homes under Rs. 50 lakh, with sustainable housing projects and innovation in design.
This article highlights 10 leaders of affordable housing innovators in India, paving the path of homeownership to middle-class families and first-time buyers.
Ankur Gupta, Ashiana Housing
Ankur Gupta, Joint MD of Ashiana Housing, focuses on affordable housing innovators in India with projects like Ashiana Anmol in Gurgaon, delivering 1,800 units under Rs. 50 lakh in 2024. Targeting Tier-2 cities like Jaipur and Lucknow, Ashiana integrates community-focused amenities like sports facilities.
Gupta’s vision: “Affordable homes with a premium lifestyle".
Mangal Prabhat Lodha, Lodha Group
The Founder of Lodha Group, Mangal Prabhat Lodha, has a net worth of Rs. 951 crore as of 2024, and he is at the forefront of affordable housing through projects like Lodha Palava, which was developed as a smart city in Mumbai. Recently, Lodha emphasized affordable housing space by developing 4,000 housing units below Rs. 40 lakh, where smart home technology and eco-friendly designs are included. The focus on developing real estate in tier-2 cities like Pune and Navi Mumbai can be attributed to the high demand from Indian migrants living abroad. With Lodha's Net Carbon Urban Accelerator, Lodha aims to be a zero-carbon organization by 2050, establishing a baseline standard for sustainable housing projects.
“Innovation drives accessibility,” says Lodha
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