Affordable housing is in demand

India faces a phenomenal demand for affordable housing upto 25 million housing units in the urban areas. Everyone needs a decent affordable home and the sense of place and hope for the future that comes with it. The phenomenal demand for affordable housing makes it a focused market for real estate developers. Starting with the National Urban Housing and Habitat Policy tabled in 2007, the government has laid steady emphasis in bridging the gap in housing. Whereas earlier Low Income Group or Economic Weaker Section housing was considered the domain of the public sector, a fresh approach to address the housing shortage has been displayed by the private sector over the last few years. Private real estate developers are already playing a significant role in this context. The way ahead is still not very clear as significant hurdles strew the path, like availability and cost of land, overregulation of real estate and access to low cost building technology and materials. Funding for affordable housing is also a serious barrier. India is poised to provide housing to its teeming urban masses today. Private developers will put their best resources together at NATCON 2010 to ask some hard questions and debate some real solutions to address issues. Among the topics discussed will be ‘Can rental housing/ redevelopment/ slum redevelopment be undertaken by developers to find affordable housing solutions? Source:http://propertybytes.indiaproperty.com/index.php/affordable-housing/affordable-housing-is-in-demand Posted in Builders/ Developers, New projects Tagged: affordable housing, Real estate in india