Home Urban Infrastructure News Realty News India requires USD​ ​3 ​-​4​ tn​ to meet ​​housing for all by...

    India requires USD​ ​3 ​-​4​ tn​ to meet ​​housing for all by 2022​ target: report

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    The Government’s vision of housing for all by 2022
     Government’s vision of housing for all by 2022

    ​A​ccording to a report by consulting firm KPMG Advisory Services  and the National Real Estate Development Council (Naredco), an investment of around US$ 3 to 4 trillion is needed to achieve the government’s vision of housing for all by 2022. The housing shortage in India is estimated at 19 million units.

    Of this, about 95.6% is estimated to be from economically weaker sections (EWS) and low-income group (LIG) households, who cannot afford houses costing above Rs.15 lakh. While the total investment required for housing development is about US$2.3 trillion, occupying the nearly 900,000 urban houses that are lying vacant could reduce this shortfall.

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