Can India bridge the looming housing shortage in urban areas?
Adequate and affordable housing is crucial to ensure a dignified life with physical, psychological, social and economic security for the people of a country but growing concentration of people in urban areas has resulted in an increase in the number of people living in slums and squatter settlements. Skyrocketing prices of land and real estate in urban areas have induced the poor and the economically weaker sections of the society to occupy the marginal lands typified by poor housing stock, congestion and obsolescence.