State of the low-income housing market has been saved
State of the low-income housing market
Encouraging progress & opportunity to realize dreams of millions
The report focuses on privately built and privately financed solutions for low-income housing in India.
Housing for the urban poor in India has failed to keep up with the rapid urbanisation. This has led to low-income families living in cramped, sub-standard and often rented accommodations with limited access to civic amenities. The Government estimates a shortage of more than 18 million homes, of which 95% are in the EWS and LIG segment, an income class with families earning up to INR 16,000 per month. While there is an increased interest in supplying housing and housing finance to low-income customers, the gap between supply and need is huge. Given the scenario, the report focuses only on market based, i.e. privately-built and privately-financed, solutions for low-income housing in India.