Grappling the Rising Urbanized Demographic, India is an Embodiment of Affordable Housing Development
Affordable housing in India is still considered in its infancy, although the conventional image outlined in the consumer’s perception is that these affordable housing projects are not habitable, because of poor planning and bad infrastructure development. These housing projects are all set to boom in the forthcoming period due to the implementation of several favourable regulations, schemes and complete backing of the government for large-scale development of affordable housing amid an increase in the demand-supply gap. This widening demand-supply gap is caused by several factors such as population shift to urban areas, job creation, better affordability and increased awareness amongst consumers regarding the availability of necessities in these houses such as sanitation, utilities, secure homes and personal safety. Few of the major issues with affordable housing have been streamlined in recent times, and the complications arising with lack of affordability for conventional h...