ALL >> Real-Estate-and-Foreclosure >> View Article
Shortage Of 3 Crore Houses In The Country
Presently India is facing shortage of more than 3 crore houses. If the state governments do not make appropriate arrangements in this direction for appropriate land and construction activities are not acclerated according to demand, the shortage of houses may be doubled by the end of 11 th five year plan.
As per the statement of central habitation and urban poverty eradication ministry that due to heavy cost in the residential sector and deficit in budget at contral and state leval, private sector, co-operative sector, industrial sector and institutional sector have been recognized active partners under the new residential policy.
Its aim is to accelerate the construction of houses according to the requirement of all categories of society. Though public partnership was augmented for construction during the 10 th five year plan, yet construction of houses lagged behind the target considerably as a whole. Now during the 11the five year plan more public partnership will be evolved and simultaneously industrial and institutional sectors will ...
... be more and more encouraged to construct houses for labor and employees connected with them.
Sources indicate that with which speed the people from rural area are coming to cities in search of job and making their habitation, keeping in view the same it is essential to emphasize the need to target the construction of houses in plenty for poor and low income group people in metro cities and all levels of big and small towns. To achieve this target, it has been decided to increase the government and public partnership. If you look at the present shortage of residential units, you will find that demand of EWSand low income group people is more than 90%.
During the next decade, 40% of our population will become the part and parcel of cities. It means that more and more people will be fleeing to cities in forthcoming years. Consequently percentage of EWS and low income group (LIG) people will increase. We will have to concentrate more in this direction to fulfil their residential demand. The share of urbanized poors in the country is about 30%.
To overcome this shortage, the government is encouraging big builders that they obtain plots form government and make township and ensure the construction of houses for EWS and LIG categories. At state level, the allotment of plots to private companies shall be made on predetermined terms so that they are made partners in fulfilling the social responsibility.
Add Comment
Real Estate and Foreclosure Articles
1. Rent-to-rent Vs Buy-to-let In Birmingham: Which Is Right For You In 2026?Author: James
2. Best Construction Company Odisha: The Secret Behind Every Strong Foundation
Author: GK Interiors and Construction
3. The Complete Guide To Choosing The Right Retirement Community In India
Author: Kuldeep Yadav
4. Landmark Capital Advisors: Understanding The Shift Toward Institutional Real Estate Investment In India
Author: landmark capital advisors private limited
5. Building Strong Foundations: Why Experienced Civil Contractors In Ernakulam Make The Difference
Author: SanjuSeo
6. Why Investing In Senior Living Communities Is The Future Of Real Estate In India
Author: Kuldeep Yadav
7. Cost Segregation For Single-family Rental Homes
Author: POC
8. Bonus Depreciation Strategies For Maximum Tax Savings
Author: POC
9. Cost Segregation Results By Property Type Explained
Author: POC
10. Cost Segregation Study Results By City Insights
Author: POC
11. Engineering-based Cost Segregation Depreciation Methods
Author: POC
12. Cost Segregation Eligibility: Are You The Right Fit?
Author: POC
13. Cost Segregation Roi And Year One Tax Savings
Author: POC
14. What Is Cost Segregation And How It Works
Author: POC
15. Cost Segregation Case Study For Real Estate Assets
Author: POC






