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T.A.L.K. with Kunal Vasudeva
Join Kunal Vasudeva, Co-Founder and Managing Director, Indian School of Hospitality for riveting conversations with industry leaders. Watch his podcasts to learn about the ever-evolving world of hospitality, sales, marketing, finance and education.
T.A.L.K. with Kunal Vasudeva
India's Middle Class Doesn't Exist Anymore I Feat. Kalyan Chakrabarti - CEO - EMAAR I Kunal Vasudeva
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Middle income housing in India’s Tier 1 cities. The numbers behind the gap.
A household earning ₹30 lakh a year sits in the top decile of urban earners in India. In Mumbai, Bengaluru, Hyderabad, and Gurugram, that income does not service a home loan on a 2BHK within 30 - 60 kilometres of the city centre.
Government housing schemes are designed for households earning below ₹18 lakh annually. Developer inventory in Tier 1 cities is priced for households earning above ₹75 lakh. The bracket in between has no product designed for it.
The hospitality industry sits inside this gap in a specific way. Front office managers, F&B leads, and operations staff earning ₹4 to 15 lakh annually are the operational backbone of India’s hotel economy. The average commute for this cohort in a Tier 1 city runs between three and five hours daily. The industry cost of that commute shows up in attrition, not in any balance sheet line.
On the sustainability question, green building carries a higher construction cost and a lower operational cost over a 20 year asset life. For the middle income buyer, the long term economics favour sustainable construction. The barrier is financing at the construction stage, not the lifecycle logic.
Blueprint 2026 spent one day with students and industry professionals examining these numbers together. The white paper is being written.
The question was simple. Can India build for its own?
As part of Sommet Education, the Indian School of Hospitality (ISH) stands as India's premier institute for hospitality management and culinary arts, in partnership with Ecole Ducasse and Les Roches. Located in Gurugram, the international campus offers a range of undergraduate and postgraduate programs in both fields, delivering a global education guided by esteemed academicians and industry experts.
Check out this podcast in video format on the ISH Official YouTube Channel: https://www.youtube.com/@indianschoolofhospitality