Vol. 9, Issue 1, Part B (2023)
Challenges for the housing finance sector in India: A critical review
Challenges for the housing finance sector in India: A critical review
Author(s)
Dr. Abhishek Kumar Singh
AbstractThe home is the basic unit of the society. Home provides a platform to the family and the family is the most important social institution, which leaves its imprint on an individual for whole life. As a human being, an individual needs his own space and privacy, which can be provided by the ownership of a house. Thus, housing deserves significant attention in the context of developing policies and strategies for human development. But still the majority of human populace lives in slums, shanties and temporary shabby shelters in rural areas. The shortage of housing is a big impediment in the healthy development of an individual and consequently the society, and the nation.
A developing nation like India has to focus more on housing sector to cater to the housing needs of burgeoning population and to accelerate the economic growth. This huge population will certainly pose a huge demand for housing. To provide homes for this huge population, the only objective of the professionals like planners, engineers and policy makers is to increase the housing stock of our country by satisfying all the previous shortages. In this paper the issues and challenges of the Housing Finance sector are being presented and how the goal of affordable housing for all will be achieved is analyzed by the assessment of present and future housing shortage.
How to cite this article:
Dr. Abhishek Kumar Singh. Challenges for the housing finance sector in India: A critical review. Int J Appl Res 2023;9(1):96-100.