Pradhan Mantri Awas Yojana - This initiative has been taken by our Prime Minister Mr. Narendra Modi who is willing to provide Home for all till 2022 for each group of people. We are taking a survey, kindly compelte your survey here http://www.pradhanmantriawasyojna.com/
3. 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.
4. 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.
5. 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.
6. 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.wor
dpress.com/2016/05/23/demand-for-affordable-
houses-for-ews/