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Indian cities should make space for low-cost housing PDF Print E-mail
India needs at least in the cities for the housing of $ 10.5 million to meet the demand for housing associated with high levels of urbanization. With the crisis of affordable housing from both the radar operators and manufacturers, should be to assess the extent of unmet demand for low cost housing.

Up to 65% of demand in the largest city of India, 112 homes for the measurement of less than 1,000 square feet, and this translates into approximately 6.8 million new homes. It is interesting that about 70% of demand for housing will be the work of two or less. That means 7.4 million new houses need to achieve those standards. This is due to the fact that 90% of the income of households in urban 5 year.

The need to broaden the opportunities available in other cities is very important, as is the need for better control of land use in these cities. Typically, government agencies and quasi-monopolistic control over the land, and this is a serious problem with land management and suffers from bureaucracy and mismanagement. What is needed is more aggressive and forward-looking approach to address the needs of each particular city. Ensure regular disposal of land for low cost housing in the city of the first and most important steps.

Restrictions on the supply side to provide low-cost housing is available, and these problems are exacerbated by the rapid increase in property values.
 

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