Will Our 74th Year of Independence Usher in Affordable Rental Housing?
As India completes 73 years of independence, a new real(i)ty has dawned on India's major cities. COVID-19 has highlighted the urgent need for affordable housing – rental or buy – across the country's cities where most migrant workers come to seek a living.
The incumbent government's ‘Housing for All by 2022’ initiative is inching closer to reality. RERA too has made considerable progress. However, the coronavirus pandemic savagely underscored the absence of affordable rental housing in major cities, resulting in a mass exodus of migrants with no income during the lockdown. The government shifted gears on its flagship scheme and included affordable rental housing in it.
Getting the Cabinet's nod recently, Affordable Rental Housing Complexes (ARHCs) under PMAY (U) is clearly an attempt to bridge the shortfall of affordable homes across Indian cities.
A unique initiative, this scheme aims to give the urban poor access to proper affordable rental housing close to their workplaces and reduce dependence on slums, informal settlements and remote peri-urban areas.
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35 Years Helping Build Homes and Communities !
4 年Good Article Dear Anuj You have raised the Right Questions and Concerns and Challenges. Let's Hope Affordable Housing True in the Right Spirit. It will Benefit the Entire Nation. I will keep my fingers Crossed.
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4 年Now the focus is beyond Urban housing. India deserves better urban planning itself. There is a huge opportunity for bigger townships like Magarpatta city with centralised parks and security. Industry is having an opportunity to solve bigger problems like Traffic congestion, pedestrian safety, cycling lanes and NOISE, air and water pollution. Its now are never moment for Industry. Building shopping malls on either side of 6feet road should stop.