Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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India – Decoding Opportunity of the vision ‘Housing for all by 2022’

Housing for all by 2022, presents a dramatically different opportunities and requirements in front of the stakeholder Housing in India varies significantly and can reflect the socio-economic mix of its vast population. In the last decade, there has been tremendous growth in the country’s housing sector, along with demographic changes, rise in income, growth in the number of nuclear families, and urbanization. Housing in India varies significantly and can reflect the socio-economic mix of its vast population. In the last decade, there has been tremendous growth in the country’s housing sector, along with demographic changes, rise in income, growth in the number of nuclear families, and urbanization. The commitment to have housing for all by 2022 is the vision of the new government, and realizing this dream can be a step towards building a brighter India. Before taking any action, it is critical to review the current state, identify bottlenecks, and build an effective execution strategy. The central government aims to provide housing to all its citizens by the year 20221. As per our estimate, the vision entails development of about 11 crore housing units, including the current shortage of about 6 crore units2. The housing need is almost equally distributed in urban and rural areas in the range of 5 to 6 crore units, and primarily consists of affordable houses.

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