Affordable housing in Urban Cities
Affordable housing is a very important and serious topic in real estate sector and especially in Mumbai’s real estate market, as there is a huge demand for affordable homes in the city. Some of the real estate industry associated people has gave their inputs on what they are expecting the government to do about affordable housing? Here are their views on it. Nitin Killawala, Architect and Urban planner. “In Singapore, 85 per cent of the houses, from low-cost to hi-end, are developed by the housing board. With 60 per cent of Mumbai’s population living in slums, private builders currently cater to only about seven per cent of the housing needs. There is so much potential for a pro-active government role in providing affordable housing and giving a tough competition to builders.” Urban planner Pankaj Joshi of the Urban Design Research Institute
“Urban poverty is not because people chose to stay in slums but they are forced to as there is no other option. So, the government, rather than celebrating the extension of cut off date, should focus on issues like how it will create affordable housing for the poor,” Anand Gupta General
Secretary BAI. “Retrograde and centuries- old polices of the state government have left lakhs of people craving for not only an affordable home, but also for proper infrastructure. Unfortunately, the state government has not shown any positive sign to revive the dreams of owning a home, except the new real estate regulation bill, which too has many loopholes.” Chandrashekhar Prabhu noted Housing Activist.
“Unlike the telecom and power regulators, the housing regulator does not address the critical issue of pricing. The main problem in Mumbai is the lack of affordable housing. This law is almost silent on pricing. So, owning a home a flat in Mumbai is going to be remain a dream,”