When compared to other countries, India lacks policies that could promote and nurture affordable homes in big way. Precious city land which is prime for affordable housing today is in limbo – encroached upon by slums or lying unutilised by state and private corporations.
Kanika Gupta Shori, Co-Founder & COO of Square Yards, expresses her industry insights into this dilemma in an article published by CNBC TV18.
Most Indians know how difficult it is to find affordable and quality housing in metro cities. People living in houses that they struggle to afford, often find themselves less happy. At some point of time in life, housing insecurity touches almost everyone.
There’s really no magic formula to affordability. Reforms are required at each stage of the housing value chain, from securing land, engaging local communities, to building and improving homes that are safe, secure and cost-wise sustainable by their inhabitants.
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Published by: CNBC TV18
Date: 30 Aug 2019