Housing

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The one dream which every man has after earning bread, is to have a home of his own. It’s no hidden truth that millions of Indian still live on the road and have no home of their own. Along with thousands of skyscrapers is also a vast area of slums where millions live in animal-like condition. Since 2005-2006, Jawahar Lal Nehru National Urban Renewal Mission has been promising improved housing, water supply and sanitation for the urban poor. But however the living condition of poor has worsened further because of mounting pressure of new entrants, as the housing shortage in urban areas has increase manifold over the years. Studies show that the aggregate housing shortage has increased by 134% during the last six years i.e. from 10.56 million units in 2001 to 24.71 million units, and the urban households have increased by 11.5 million. Only one-fifth of the target housing construction for weaker section of society was complete. In order to fulfill the housing requirement it was essential to complete at least 75% of the target. In order to give shelter to millions of people, 75 dedicated Special Housing Zones (SHZs) should be planned and developed across the length and breadth of the country. These Special Housing Zones should also have all the basic amenities and proper access to safe drinking water and proper sanitation. Moreover, this will enable mass housing and will lower the cost of construction. Moreover, 750000 houses for mass housing should be built in order to bridge the demand-supply gap for housing needs.

As per NSSO, only around 25% of all rural households had undergone some form of construction in the last five years. It is essential that at least 75% of all rural houses should be covered. The finance to these households should be increased to at least 75% from current rate of 60%.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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