ASCE India Conference 2017
Housing Affordability in India: Opportunities and Key Challenges
Publication: Urbanization Challenges in Emerging Economies: Energy and Water Infrastructure; Transportation Infrastructure; and Planning and Financing
ABSTRACT
In the last few years, India has witnessed sustained economic growth. Consequently, large-scale migration from rural areas to urban areas has been witnessed due to industrialization, better job prospects, rising income, and high expectations of the lower and middle-class population. This situation has put tremendous pressure on the urban housing supply and affordability. Like most of other countries, providing affordable housing has remained a major challenge for both the policy makers and developers in India. Despite significant policy changes to incentivize affordable housing schemes to make them more attractive for the investors, various factors have continued to impede housing affordability in the major cities. This paper presents an overview of the affordable housing policies and issues in India. It also highlights the affordable housing strategies and policies adopted by some of the European nations in the last few years. It further examines the potentials of application and uptake of these policies within the Indian context.
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ACKNOWLEDGMENTS
The authors want to thank the Australian Government’s financial support through an “Australian Government Research Training Program Scholarship” for Ph.D. studies and support from the University of South Australia. Without both contributions, this research would not have been possible.
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Published In
Urbanization Challenges in Emerging Economies: Energy and Water Infrastructure; Transportation Infrastructure; and Planning and Financing
Pages: 462 - 471
Editors: Udai P. Singh, B. R. Chahar, Indian Institute of Technology, H. R. P. Yadav, Institution of Engineers (India), and Satish K. Vij
ISBN (Online): 978-0-7844-8202-5
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© 2018 American Society of Civil Engineers.
History
Published online: Dec 13, 2018
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