Kolkata, August 24, 2026: Sugam Group, one of Eastern India’s trusted real estate developers, highlighted the growing potential of India’s mass and mid-income housing segment at CII Realty East 2026, held at Biswa Bangla Exhibition Centre, Kolkata.
Mr. Suhel Saraf, Managing Director, Sugam Group, participated as a panellist in the session titled “The Missing Middle: Unlocking India’s Mass & Mid-Income Housing Opportunity”, held under the broader theme “Housing for the Many: Unlocking the Next Wave of Residential Growth”. The discussion brought together leading voices from the real estate sector to explore ways to drive scalable, inclusive and sustainable growth in housing.
With India’s residential market gradually shifting from volume-led to value-led growth, the mid-income segment—particularly homes priced between ₹80 lakh and ₹1.5 crore—has emerged as a significant opportunity. At the same time, affordable and mass housing continues to represent a vast untapped demand pool.
Sharing his perspective, Mr. Saraf said that the definition of affordable housing must evolve with the changing realities of India’s middle class. He emphasised that affordability should not be limited to the initial purchase price but should extend across the entire lifecycle of home ownership.
According to him, efficient land utilisation, thoughtful design, sustainable construction and innovative financing models can help reduce both upfront costs and long-term ownership expenses. He also stressed the importance of supportive land policies and appropriate government incentives to enable developers to scale affordable housing models.
Drawing on Sugam Group’s four-decade journey, Mr. Saraf underlined the need to create homes that balance aspiration, affordability, quality and long-term liveability. He noted that collaboration between developers, policymakers, financial institutions and the wider infrastructure ecosystem would be crucial to making quality homeownership more accessible to India’s growing middle class.
CII Realty East 2026 brought together developers, policymakers, architects, planners, financiers and industry experts to deliberate on the future of real estate and infrastructure in Eastern India, with discussions spanning sustainability, technology, investment, commercial real estate and housing.
About Sugam Group
Sugam Group is a reputed real estate developer in Eastern India with 40 years of experience in residential, commercial and mixed-use developments. Its approach combines quality construction, thoughtful planning, sustainable practices and community-focused living to create spaces aligned with contemporary aspirations.
