Real estate property rate is very high nowadays.flat price in Mumbai at Rs 60,000 to Rs 70,000 per square foot, where city like noida and gurgaon housing plots at Rs 100000 per square yard. An asset price bubble is building up in real estate.
Due to covid -19 pendamic the situation is changed. Everyone has affected. A lower middle class person can’t afford a plot in city like Mumbai and Delhi because high rate of housing plot.
Another reason is increasing intrest rate of home loan.
What makes the picture more from”unfair ” to “grotesque” is the fact that exceptionally high real estate price exist with poor civic infrastructure. Because property taxes are not levied very sensibly and then not collected very efficiency. The result is that cities are usually broke to offer even rudimentary service to their citizens – like assured water supply, electricity, an effective land and efficient public transport system. 
Eduindex News 
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