Nearly 28 per cent of India’s population lives in cities and urban areas – double the level of urbanization at the time of Independence in 1947 – a figure that is expected to rise to 40 per cent by 2020
The Royal Institution of Chartered Surveyors (RICS) shared findings of the research report titled ‘Making affordable housing work in India’ at a National Conference, featuring India’s key stakeholders and international experts in affordable housing. The research report was released by Kumari Selja, Honorable Minister of Housing & Urban Poverty Alleviation (MoHUPA) and Minister of Tourism, Government of India. The conference was supported by MoHUPA and UK Trade & Investment (UKTI).
The housing shortage in India is enormous. 26 million homes are projected to be required by 2012 to meet 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...........Click for more
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