The Housing Crisis in India: A Critical Assessment of Finance Sector Dynamics and Shortage Estimation
Author(s): Sushma Karnati
Publication #: 2505031
Date of Publication: 11.11.2018
Country: India
Pages: 1-11
Published In: Volume 4 Issue 6 November-2018
Abstract
Housing stands as one of humanity's three fundamental needs - along with food and clothing - serving as a cornerstone of human dignity and social development. Adequate shelter provides essential security, privacy, and the freedom necessary for personal growth, while simultaneously fostering self-esteem, social standing, and cultural identity. India's enormous housing challenge has become increasingly urgent, as evidenced by the 2011 census which identified the nation as the world's second most populous country after China, with projections indicating growth to 1.4 billion people in upcoming census data. This unprecedented population expansion creates extraordinary demand for housing stock, presenting urban planners, civil engineers, and policymakers with the complex challenge of not only meeting current shortages but also anticipating future needs. This paper examines critical issues within India's housing finance sector, analyzing both present deficits and projected requirements to assess how the nation might achieve its goal of "affordable housing for all" amidst these demographic pressures..
Keywords: Housing Finance, Housing Shortage, Challenges in Housing Finance Sectors
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