With just three years remaining for meeting the Housing For All target, the task ahead is daunting but perhaps doable with concerted political will – if not by 2022, then at least by the culmination of the Modi Government’s new five-year term.
Housing for all by 2022
The Government’s much-touted aim to deliver Housing for All by 2022 may not have met with spectacular success in terms of on-ground deployment, but it…
As of November 26, 2018, although 63 lakh houses had been sanctioned, only 12 lakh have been constructed, while 23 lakh are under construction. Andhra Pradesh, Uttar Pradesh, Maharashtra, Madhya Pradesh and Tamil Nadu together accounted for 55% share of the sanctions. The ministry aims to sanction 75 lakh houses and construct 30 lakh of them by the close of this fiscal.
Looking back on Year 1 AD (After Demonetization), it is plain to see that it has brought significant disruptions into the overall economy – and particularly the real estate sector