PRADHAN MANTRI AWAS YOJANA

Housing for all 2022

Demand for Affordable Houses for EWS

Development can have two meanings, for some it may be the wealth or luxury and for some it may be the country’s peace, fulfillment of basic needs of an Individual and happiness.

Any country attains a label of ‘developed country/state’ by Global standards of urbanization only when it assures peace and prosperity to its every citizen. Any development in real estate has to be sustainable development and not only just a profitable development for the builder or the investor. We need more and more affordable houses if we wish to anticipate and see a long term development in India.

Affordability also has different meaning for different section of people. What affordability is for a lower or middle income group may be luxury for an urban poor. Hence, Pradhan Mantra Awas Yojna and many other affordable housing schemes should define affordability in terms of these three sections- LIG, MIG and EWS.

People are migrating in search of jobs and better lifestyle from rural areas to urban. As urban cities are growing with time and tide, job seekers are moving here and settling down. According to the recent census population in Urban Area from last ten years has increased to 31 percent from 28 percent. Whereas in rural it has decreased from 72 percent to 69 percent. For the first time it happened in the history since independence that the urban population has increased at this rate. And definitely with growing cities and advancement migrated population in urban areas will rise.

Finding solution for it there came many affordable housing schemes focusing on to provide housing for all. Recent PM Awas Yojana launched in 2015 by our honorable Pradhan Mantri Mr. Narendra Modi also aimed to work on uplifting the less privileged section of the society. The government concern should be for Economically Weaker Section (EWS) over Lower o middle income group. LIG or MIG have the capability to own their proper house with basic amenities like a proper toilet, separate kitchen, 24 hours electricity and adequate amount of water supply. This segment monthly income ranges from Rs 25,000 to Rs 70,000; therefore there buying power is much better than that of the EWS. For private builder and sponsors in Real estate market LIG and MIG are expected customers. But what government and big real estate owners and developers should concentrate on is the section that cannot afford houses in urban areas.

There should not be any urban poor living in a ‘kaccha house’ or slum areas especially in urban cities should be eradicated by providing a ‘pucca ghar’ to all, if we really aim for ‘sustainable development’ in India.

Source of Content - https://realestatenewandaffordableprojects.wordpress.com/2016/05/23/demand-for-affordable-houses-for-ews/

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