Addressing Housing Challenges in Indian Cities: Will the 2024 Interim Budget Bridge the Gap?
With rapid urbanization, the problem of housing shortages in Indian cities ~ especially for low income households ~ is expected to exacerbate. Based on 2011 census data, the Technical Group on Urban Housing Shortage, Ministry of Housing and Urban Affairs (MoHUA), estimated the urban housing shortage during 2012- 2017 at 18.78 million. The Indian Council for Research on International Economic Relations (ICRIER) Report of 2020 indicated an increase in urban housing shortages of 54 per cent amounting to 29 million in 2018.