home  articles

Articles

July 07 2012

"WITH PRIVATE CAPITAL INPUTS, INCREASED EFFICIENCY AND IMPROVED TECHNOLOGY,LOW-COST HOUSING HAS EXPERIENCED TREMENDOUS GROWTH"

OPEN HOUSE AN AFFORDABLE DREAM ?

What is the scenario in the affordable housing sector in India today ?

Affordable housing sector in India has seen a great paradigm shift in the last five years or so. With private capital inputs, increased efficiency and improved technology, low cost housing has experienced tremendous growth. India is home to more than a sixth of the world’s population. Today, around 70% of the population lives in rural areas, while 30 % lives in urban aeas. This is expected to be reversed by 2030, which will lead to a drastic rise in the demand for housing in urban spaces. Thus, the demand for housing is increasing and this will result in a huge demand supply gap that needs to be bridged.

How can one measure the quality of construction ?

The building should be designed by a good architect and built in line with national building codes. The construction should be handled by a trusted developer and a good contractor.

Will an increase in FSI be an answer to the housing shortage that we are facing?

Definitely. There are no two ways about it. We don’t need an architect to answer this. An increase in FSI will help match demand with supply. One reason behind the lack adaisical attitude of the bureaucrats towards housing could be attributed to the fact that they get free housing and hence do not really bother about the ground realities.

What will make urban housing more affordable to the middle class ?

Compact houses are the need of the hour, with better space utilisation and a plan whereby we grow our cities vertically. Intelligent use of locally-available resources will go a long way in making housing more affordable.

Times Property – 08-07-2012