Shortage of affordable housing

Q: Hi, most projects are not affordable by the majority of Indians, still high priced projects are being build by builders. discuss!!

Neha Srivastava, Delhi-NCR

22nd April 2014

Real estate News in Delhi

affordable housing

real estate in india

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Replies (2)

Hi,The Ministry of Housing and Urban Poverty Alleviation (MHUPA) in 2012 said that there less supply of around 18.78 million housing units in urban India and 95% of this non availability affects the EWS and Low Income Group.

Bhaumik, Ghaziabad

22nd April 2014

Comment

The reports say that the demand for urban housing will scale up by nearly 12 million units by 2017 and without the builders venturing into this affordable section, this will remain unmet resulting in huge problems in the urban cities.

Sandeep Mhatre, Mumbai

22nd April 2014

Yes...in stark contrast to demand..more and more projects that just have the name of affordability are being announced but in realty a common man cannot even dream of buying such apartments... its a sad reality of the real estate market.

Jay, Delhi-NCR

22nd April 2014

Comment

Hi, this huge unmet demand should be tapped to see good results and high sales but majority of reputed developers in India do not come up with affordable housing projects.

Nikhil Agarwal, Delhi

22nd April 2014