Though the rise of income has guaranteed food and clothing to the average Indians, a major portion of them still remain deprived of the third basic requirement – shelter. India has been unable to provide better, safe housing to its over 350 million middle-class population. And the demand is only increasing with another hundred million coming out of poverty, thanks to the high growth of corporate sector and its better economic performance. However, the exponential 
increase in demand for housing but slow pace of supply is widening the demand-supply gap rapidly, which clearly calls for immediate attention and intervention from the concerned authority.
A close analysis reveals a few basic maladies – bad management and inadequate regulations. To start with, average Indians are least motivated for home-credit, and somewhere it reflects the government’s failure to encourage people to opt for credit. Innumerable economic researches reveal that housing is one of the investment options which directly contribute to the economy in any situation. Well, our government and bureaucrats perhaps forgot that. The proportion of housing loan as a percentage of India's GDP went up from 3.4 per cent in 2001 to 7.25 per cent in 2006, yet it remains abysmally low when compared with other countries. The same in US is 54 per cent, 57 per cent in UK, 40 per cent in the European Union, and 37 per cent in Malaysia, according to the National Housing Bank, a wholly owned subsidiary of RBI. Along with this, limitations in infrastructural development and geographical differences are other primary hassles.....Continue
increase in demand for housing but slow pace of supply is widening the demand-supply gap rapidly, which clearly calls for immediate attention and intervention from the concerned authority.A close analysis reveals a few basic maladies – bad management and inadequate regulations. To start with, average Indians are least motivated for home-credit, and somewhere it reflects the government’s failure to encourage people to opt for credit. Innumerable economic researches reveal that housing is one of the investment options which directly contribute to the economy in any situation. Well, our government and bureaucrats perhaps forgot that. The proportion of housing loan as a percentage of India's GDP went up from 3.4 per cent in 2001 to 7.25 per cent in 2006, yet it remains abysmally low when compared with other countries. The same in US is 54 per cent, 57 per cent in UK, 40 per cent in the European Union, and 37 per cent in Malaysia, according to the National Housing Bank, a wholly owned subsidiary of RBI. Along with this, limitations in infrastructural development and geographical differences are other primary hassles.....Continue
