India will face shortage of 28 million affordable houses by 2010:
Stating that the country would face shortages of 28 million affordable houses by 2010, Rajya Sabha MP NK Singh today said that India needs a constitutional amendment to make the right to shelter a fundamental right.Right to shelter should be embedded in a separate legislation as the problem is complex in view of the fact that housing is essentially a state subject, Singh said at the India Economic Summit here.
"The country should look for constitutional amendment for right to shelter as the scale of the problem is very large and is going to intensify. "We have a shortage of 24 million affordable houses which will touch 28 million mark by 2010," he said addressing a session on "The Affordable Housing Imperative."
"Unless and until constitutional amendment is made you cannot force states to do it," he said adding, affordable low cost housing is part of this government’s inclusive growth programme.
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Low cost housing may just be a dream for most of the Indians.
ReplyDeleteWe need to weed out many players who park their ill-gotten wealth
in RE and maintain high prices just to extort helpless buyers.
And those ‘land sharks’ who operate in so many places now.
Just recently, a Marathi daily carried an article on how Govt. Babus, Politicians,
Local Goons and the Builders are hand in glove to raid prime land in urban areas from hapless owners.
Reality has become so unreal now ...
60L to 1 crore is considered middle-class,
30L is considered affordable,
while sub-20L is considered as housing for
slums at least in Pune!
very true
ReplyDeleteAgreed but salaries have gone up too. and I have graduated out of Wada Pav to Mc Donalds fancy Wada Pav called Burgers.
ReplyDeleteTrue experience.
I heard a bunch of techies 25-30 years old at Barista complaining about how homes have become unaffordable while they all ordered multiple servings of gourmet coffee about 150/- per shot.
Now please don't get me wrong but I don't remember even going to Barista or any other place when I was saving to buy my flat about 7 years back. With spending habits like those of todays young and restless, no wonder they found housing unaffordable.
Ravi I think our credit card culture and mis management of new found wealth amongst the youngsters today is a problem. Japan went thru this about 18-20 years back and you are seeing its adverse impacts today in what is already a messed up Japanese economy.
"Agreed but salaries have gone up too"
ReplyDeleteYes, but not in the same proportion as the
house prices.
In Jan 2005 the prices of flats in Pune outskirts were around 700-1000 per sq.ft. Flats in the same locality now cost 2700-3400 per sq.ft. That is around 300-400% increase.
However, salaries have not increased as much.