Tag Affordable housing

SWAMIH: Catalyzing Economic and Affordable Housing Transformation

SWAMIH: Catalyzing Economic and Affordable Housing Transformation

A competent workforce from tier II and tier III has moved to satellite towns as a result of the hybrid method of work which has increased the need for affordable and mid-income housing in these areas. However the crunch in funds results in stalled projects that delay the delivery of homes to buyers. To address this issue, the government introduced the SWAMIH investment fund in 2019. Despite the strict eligibility criteria to get the funding, it plays a huge role in completing the government’s objective of ‘Housing for All’.
Affordable Rental Housing Scheme (ARHC): State of Play

Affordable Rental Housing Scheme (ARHC): State of Play

The Affordable Rental Housing Complexes (ARHC) scheme was introduced in July 2020 by the Ministry of Housing and Urban Affairs, Government of India, as a part of the Pradhan Mantri Awas Yojana—Urban (PMAY-U). The reverse migration brought on by the COVID pandemic-induced lockdown is what brought attention to ARHC’s mission to provide rental homes for the urban poor and migrants. The PMAY-U mission phase and the ARHC plan both end in March 2022. This article evaluates the present condition of the plan’s implementation—its evolving modalities, stakeholder participation, and current status—given its significance as India’s first national rental housing scheme with only a few months left to call for bids and award projects.