A+| A| A-
Affordable Urban Housing and Budget 2022–23
Disparate factors, including non-affordability, inconveniently located units lacking access to basic urban services, limited access to suitable land, lukewarm private sector participation, and the lack of local capacity and technical expertise have seriously undermined the potentials of government housing schemes. The Union Budget 2022 gives a boost to affordable urban housing in terms of allocation against the backdrop of Pradhan Mantri Awas Yojana (Urban) housing for all by 2022 and entails key structural reforms to address some of the deep-rooted problems in the housing sector.
The COVID-19 pandemic has foregrounded the crucial link between adequate housing, human settlements and peoples’ ability to lead a healthy life. The lockdown-induced work from home scenario has also highlighted differential kinds of housing demand and usage. Of late, the emerging densification of Indian cities underscores the need for planned human settlements and sustainable housing in the future, as also highlighted in the recent economic survey through geospatial maps.
Following the pandemic outbreak and lessons learnt, while the housing industry as a whole showcases sight of recovery and the housing pricing going north, the issue of affordable housing for the poor and supply of social housing for the vulnerable requires special attention.
Dear Reader,
Or
To gain instant access to this article (download).
(Readers in India)
(Readers outside India)
