India demand for affordable housing has been increasing steadily over the year and now in some urban

India demand for affordable housing has been increasing steadily over the year and now in some urban

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India demand for affordable housing has been increasing steadily over the year and now in some urban areas there are nearly 25 million housing units to meet this demand. All individuals and families need a decent and affordable home in order to gain a sense of hope and security that comes with owning a home. The incredible demand in India for affordable housing has brought a great deal of focus and attention of real estate developers to the region. Since the 2007 National Urban Housing and Habitat Policy, the government of India has made it a goal to reduce the gap between housing demand and housing supply. Today in India the focus is on a new approach to addressing the housing shortage with a great deal of involvement from the private investors and private sector companies. Already, private real estate developers are a large part of the planned developments and urban expansion. However, the future is still unclear as to how these developers will be able to manage, find available land at affordable prices, and deal with building regulations and costs of material. Moreover, even after the prospect of completing a housing project, there is
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This note was uploaded on 03/06/2010 for the course ART 121 taught by Professor Mack during the Spring '10 term at Academy of Design Tampa.

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India demand for affordable housing has been increasing steadily over the year and now in some urban

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