In the affordable housing segment with prices under Rs 40 lakh, the average flat size has reduced nearly 27 percent in the last five years.

Indian real estate sector has witnessed decline in sales and prices have remained stagnant over the last few years.

Affordable housing has been the buzzword in Indian real estate sector for the last few years.

Indian stock markets cheered the decision of cut in corporate taxes.

Major Indian cities have witnessed decline in pending apartments for sale as developers reduced their investments in new developments.

Steps taken by Finance Minister to help real estate sector should show results in upcoming months.