Building Low Income Housing Markets
This is one perspective to think of; the other is to catalyze the incrementally built housing in informal settlements. Indian families are comfortable living in low-rise high-density situations. These are also known to be more sustainable and promote a high sense of community. If we work to improve tenure and provide technical assistance to build safer, high quality homes in an incremental fashion while we encourage developers in the affordable housing space, we might be able to meet the demand of 21 million units as stated in this post.
After a two hour train journey from Dadar station and a rickety ride in a private white shuttle van I was finally standing in front a construction site, picturesquely located in the middle of peri-urban hills and a dried river bed that allegedly recharges every monsoon. Not a place I expected to see human habitation, let alone full scale construction activity. I couldn’t make up my mind if this 1200 unit apartment complex was angling investors looking for holiday homes or was it a serious attempt at low income housing development (LIH). After all who in the world would spend 2 hours everyday to travel to a 350 sq foot, one room kitchen apartment in Neral… No matter what the view.
I had just started working at the The Monitor Group and as a part of its “State of the Market Study” had had gone looking for market built, low…
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