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ARTICLE · 24 JANUARY 2017

Affordable Housing: Is The Government Doing Enough?

Khaitan & Co.
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The urgent need in the realty sector today is large scale construction of affordable housing. Sky rocketing realty prices have made home buying a dream for most, especially so in the lower income group...

IndiaReal Estate and Construction
  1. The urgent need in the realty sector today is large scale construction of affordable housing. Sky rocketing realty prices have made home buying a dream for most, especially so in the lower income group and economically weaker sections of society. Affordability is also directly linked with location. Given the state of infrastructure in various States and cities in India (including the mega-cities like Mumbai), it is not viable for the common man to live in far flung districts outside the city and travel to the main city every day for work. In order for housing to be truly 'affordable' the common man must be able to purchase a house where there is demand for it (i.e., in the city and surrounding suburbs) and not where there is an abundant supply (i.e., in villages / towns outside the city from where travel to the city is a daily struggle on account of poor connectivity and sheer distance). Apart from affordability, timely possession is a concern for most home-buyers;

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