India’s urban housing shortage has lessened by 25%

Urban housing shortage in India has plunged from 24.7 million at the beginning of the 11th five year plan in 2007 to 18.78 million for the next five year plan from 2012 to 2017, according to a government report.

At a press conference in the capital, Kumari Selja, minister of housing and urban poverty alleviation, told reporters that the main feature of the technical report on urban housing shortage was that the deficit in housing in such areas had dropped by almost 25 percent from what was expected. According to earlier estimates, the urban development ministry was expecting a deficit of 26.5 million homes in urban areas, which now stands at 18.78 million.

She said that the addition to the housing stock in the past decade has been more than 26 million homes and the number was arrived at by analyzing household growth, which has seen slower growth, vis-a-vis housing stock which has seen an increase. Selja said that this showed that the government’s policies were helping improve the lot of the economically weaker sections (EWS) and helped them climb the social ladder.

Full Story: Firstpost

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