Urban poor to get a roof above their head of their own
The government along with the private sector needs to work to increase the supply of low-income houses, and then only the target of providing housing to all by 2022 can be met. The good news is that this would translate into business opportunities of Rs Nine lakh crore for the developers.
The advisory firm Deloitte mentioned in its report that the government, private sector and other stakeholders have to play their part to improve affordability of homes for the low-income customer. Then only the dreams of millions can be realised and India will grow as a nation.
According to its survey, the low-income housing segment is estimated to be worth Rs 9 lakh crore for developers and Rs 7 lakh crore for housing finance companies. The initial attempt of providing housing for the urban poor failed to keep up with the rapid urbanisation. This had led to low-income families living in cramped accommodations or slums with limited civic amenities, drinking water and sanitation.
The government estimates a shortage of more than 18 million homes, of which 95 % are in the EWS (Economically Weaker Section) and LIG (Lower Income Group) segment. These 2 segments are categorised as families earning up to Rs 16,000 per month) in urban areas. Can we truly hope that ‘’acche din aane wale hain?’’
Source- The Economic Times
Acche Din aane wale hain, Economically Weaker Section, EWS, LIG, Lower income group, Urban poor
