Housing shortage in India
Affordable housing has been an issue of concern for government and policymakers. There is a serious scarcity of homes for people who have an income of under Rs 10,000 per month or even less. 12th Plan working group on financing urban infrastructure estimates the housing shortage in the country at nearly 29 million units and [...] Continue Reading »
The housing and urban poverty alleviation ministry has stated that of the 17.95 million housing units that came up in the country between 2007 and 2012, 11.09 million houses, or nearly 62%, are either vacant or locked up. It throws a light on the practice of buying houses not for staying there but just to [...] Continue Reading »
The Centre is of the opinion that the current legal system has discouraged landlords from reinvesting in their properties as rentals have been kept artificially low. The Model Residential Tenancy Act, 2011 prepared by the housing ministry is intended to replace archaic rent control legislations that capped rentals, resulting in landlords getting a pittance for [...] Continue Reading »
