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Realizing the massive demand for budget housing across India, especially by people belonging to the low income and mid-income groups, there has been an agreement to extensively use low-cost technologies.
The statistics speak volumes on the enormity of the situation. The nationwide scarcity would amount up to 18.78 million homes. The main factor behind the drastic fall in sales is the inconsistency between the offered and demanded price range. So the immediate concern would be bringing down the costs, and this is where low cost technologies could bring in a change, observes ASSOCHAM, Associated Chambers of Commerce and Industry.
Specifically speaking, India’s economically weaker section requires around 10.55 million homes whereas 7.41 million is the requirement for the lower income group.
There is a spate of premium launches all over the nation, which barely address the housing scarcity and what would fill in the gap is development of affordable units that well fit within Rs.500, 000- Rs.2.50 million divisions.
It is high time the issue is dealt with effective measures; experts have realized and consequently intimated state governments to go ahead with the private public joint venture method for active implementation of budget housing units.
The situation also calls for changes in the lending policies of premier lenders so that there is more room and accelerated processing of loans in the budget housing sector.
The point focused on repeatedly was the need to use more and more low cost technologies so as to result in affordable units without having any financial burden.
The statistics speak volumes on the enormity of the situation. The nationwide scarcity would amount up to 18.78 million homes. The main factor behind the drastic fall in sales is the inconsistency between the offered and demanded price range. So the immediate concern would be bringing down the costs, and this is where low cost technologies could bring in a change, observes ASSOCHAM, Associated Chambers of Commerce and Industry.
Specifically speaking, India’s economically weaker section requires around 10.55 million homes whereas 7.41 million is the requirement for the lower income group.
There is a spate of premium launches all over the nation, which barely address the housing scarcity and what would fill in the gap is development of affordable units that well fit within Rs.500, 000- Rs.2.50 million divisions.
It is high time the issue is dealt with effective measures; experts have realized and consequently intimated state governments to go ahead with the private public joint venture method for active implementation of budget housing units.
The situation also calls for changes in the lending policies of premier lenders so that there is more room and accelerated processing of loans in the budget housing sector.
The point focused on repeatedly was the need to use more and more low cost technologies so as to result in affordable units without having any financial burden.
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