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Affordable Housing in India

The document discusses the challenges and solutions for affordable housing in India, highlighting issues such as pressure on existing infrastructure, land availability, and the need for innovative construction methods. It emphasizes the importance of government support, particularly through the PMAY scheme, and the role of Public-Private Partnerships in advancing affordable housing projects. Additionally, it calls for a balanced approach to urbanization and optimal Floor Area Ratio to enhance economic viability.

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16 views5 pages

Affordable Housing in India

The document discusses the challenges and solutions for affordable housing in India, highlighting issues such as pressure on existing infrastructure, land availability, and the need for innovative construction methods. It emphasizes the importance of government support, particularly through the PMAY scheme, and the role of Public-Private Partnerships in advancing affordable housing projects. Additionally, it calls for a balanced approach to urbanization and optimal Floor Area Ratio to enhance economic viability.

Uploaded by

Bharath
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Affordable housing in

India: Challenges
and solutions
Challenges for Affordable Housing
• Pressure on Existing Infrastructure
According to studies, urban India will witness a huge surge of people
and demand for homes will exponentially rise by 2031, a whopping 59%
growth over 2011
Urban people are looking for homes, which will bring pressure on the
existing infrastructure.
The lack of housing options for LIG section, coupled with limited
income and minimal access to home finance for income borrowers lead
to a cramped and poor living
• Ease of Land Availability
It is important to regularly release land parcels from the government to promote affordable housing
projects.
It can be identified within blocks and municipal limits and bring more peripheral lands into
developable limits of the city authorities.
Being Innovative yet Mass Production Difficult
To minimize construction costs, many developers use creative engineering design and incorporate
innovation into the engineering process.
It is far more challenging to implement innovation on the scale of hundreds and thousands of homes.
Investment in Ancillary Infrastructure
There is an equal need to focus on providing the necessary connectivity and social infrastructure.
This will allow these affordable housing projects to develop as habitable and vibrant communities.
Strengthen Micro Finance
The financial help is needed to improve the institutional environment for the lower-income categories
to access housing microfinance and other financial tools.
Mostly low-income buyers seek credit to buy homes, and these microfinance institutions will help them
in their loan approval processes.
Opportunities for Affordable Housing
Sector
Government Support for Affordable Housing
The Government of India has proposed an objective of achieving 2 crores affordable houses over a
period of 7 years.
These houses are targeted for lower-income group and for this effort they have come up with PMAY
(Pradhan Mantri Awas Yojana) scheme.
This support is crucial for developers who are focused on affordable housing projects.
PPP in Affordable Housing Sector
Public-Private Partnership (PPP) is crucial for the progress of affordable housing projects.
The stakeholders are diverse including central government, state government, private developers,
financial institutions, urban planners and urban dwellers
Private sectors play a significant role in producing planning and design, project development,
technology, human resources and sales and marketing.
On the other hand, the public sector looks into time-bound clearance, taxes, and different perspective
to minimize the cost of homeownership.
Enabling Ecosystem & Optimal FSI
There should be a balanced approach to accelerate momentum
without disturbing the rural indigenous ecosystem.
An enabling ecosystem can facilitate sustainable urbanization and meet
the requirement of the poor.
An optimal FSI also is known as FAR (Floor Area Ratio) can minimize
cost per unit and increase the economic viability of affordable housing.

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