India’s urban population is forecasted to grow to 590 million by 2030. Rising demand for affordable houses with home prices far outpacing general inflation and wage growth, premium houses in Tier I cities have largely become unaffordable, increasing demand for affordable houses. A culture of Homeownership. Rapid urbanization has given rise to development challenges in the form of urban congestion, pressure on basic amenities like water and sanitation, and most importantly, severe housing shortages in cities, especially, in the low-cost segment. Housing development has primarily focused on creating stock for the MIG+ segment of the society, which has been the focus of the private sector, due to higher returns.

To develop a Statewide network of green affordable housing projects for EWS and LIG beneficiaries at multiple locations on sites provided by the Government of Bihar, to be developed on a PPP basis under the state’s Affordable Housing Policy of 2017. Rapid urbanisation has given rise to development challenges in the form of urban congestion, pressure on basic amenities like water and sanitation and most importantly, severe housing shortages in cities, especially, in the low-cost segment. Over the last decade, select real estate developers have developed projects for LIG, but EWS housing has been neglected.