How affordable housing unfolds in the current scenario?
When it comes to affordable housing segment, many of the measures that were pending for a long time were materialized in the Union Budget 2017 With the coveted ‘infrastructure status’ being conferred to affordable housing, the unorganised real estate sector has turned optimistic. India is at the juncture of becoming the most populated nation, and it would add woes to the already existing housing problem. Rapid migration towards urban centres, lack of infrastructure and the concurrent housing dilemma has created a millstone around our necks. Presently, there is a shortage of 18.8 million homes in urban areas out of which 15 million are needed by people from LIG (lower income group). The past and present Governments have taken various measures to address the burgeoning crisis. Though, the most significant one was the Modi government’s launch of ‘Housing for All by 2022 Mission’ in 2015, which had affordable housing under its purview. The mission focused on slum rehabilitation