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India affordable housing shortage

Making affordable housing work in India India affordable housing - The housing shortage in India is enormous As many as 26 million homes are projected to be required by 2012 to meet the existing housing need, and 99 per cent of these homes are needed by households in the Economically Weaker Sector (EWS) and Lower Income Group (LIG). If the current increase in backlog of housing is maintained, a minimum of 30 million additional homes will be required by 2020. While some housing demand will be taken up within the existing housing stock, many millions of homes will need to be built across the country to fulfill the vision of becoming slum-free. Not only is the challenge to build many homes, but also to ensure that they are built at the right location, available at an affordable price to households that are in most need and of adequate quality to endure in the longer term. These and other findings of the research report titled ‘Making affordable housing work in India’ were shared by th...

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