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ISSN 2063-5346
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DESCRIPTIVE STUDY ON CURRENT STATUS, CHALLENGES, AND APPLICABILITY OF AFFORDABLE HOUSING IN INDIA

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M Irfan Afzal1 , Humaib nasir2* , Mandeep Kaur3 , Ovais Nazir
» doi: 10.48047/ecb/2023.12.si5a.0362

Abstract

One of the most important problems facing emerging nations is providing adequate housing for all of its citizens. Over 17.6 million dwelling units are needed in India immediately. House ownership is becoming increasingly out of reach for many families, especially those with lower and moderate incomes. In order to make it possible for regular people to affordably build homes, it is now essential to use new housing technologies that are both creative and environmentally beneficial. This review paper examines the current state of affordable housing in India. Even though it has one of the world's fastest-growing economies, India is struggling to meet its housing needs. This paper provides a comprehensive overview of the housing sector in India, including its history, policy frameworks, and challenges faced in achieving affordable housing for all. The article also highlights the various initiatives taken by the Indian government to address the affordable housing crisis, such as “The Pradhan Mantri Awas Yojana (PMAY) scheme", In addition, the article examines the role of private developers, financial institutions, and civil society organizations in promoting affordable housing in India. Finally, the paper concludes by suggesting possible solutions and recommendations to achieve the goal of affordable housing for all in India

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