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    Home»Business

    Housing Shortage in Urban India at 24.71 Million Dwelling Units

    Sushma SinghBy Sushma SinghJune 8, 2023 Business
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    No Homes for Poor
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    The Ministry of Housing and Urban Poverty Alleviation has said in a press release that a Technical Group constituted by the Ministry in 2006 to assess the urban housing shortage in India has estimated that at the end of the 10th Five Year Plan (2007-08) the total housing shortage in the country stands at 24.71 million dwelling units.

    Out of this 21.78 million or 88.14% pertains to Economically Weaker Sections (EWS) including the Below Poverty Line (BPL) households. State-wise details indicating the breakup of the housing shortage of 24.71 million is given below.

    Housing Shortage in Urban India at 24.71 Million Dwelling Units

    The Government of India is currently implementing various new schemes for providing affordable housing to India’s urban poor. A new scheme – Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) has been launched for providing interest subsidy on housing urban poor to make the housing affordable and within the repaying capacity of Economically Weaker Sections (EWS)/ Low Income Group (LIG).

    The scheme encourages poor sections to avail of loan facilities through Commercial Banks/Housing Finance Companies for the purposes of construction/acquisition of houses and avails a 5% subsidy in interest payment for loans up to Rs. 1 lakh.

    Another scheme called the Affordable Housing in Partnership launched in 2009 with an outlay of Rs. 5000 crores, seeks the construction of 1 million houses for EWS, LIG, Middle Income Group (MIG) with at least 25% for EWS Category.

    Furthermore, the Government has announced a new scheme called Rajiv Awas Yojana (RAY) for providing support to States that are willing to provide property rights to slum dwellers. The Government Of India hopes to make India slum-free through the implementation of RAY.

    Urban Housing Shortage at the end of the 10th Five Year Plan (dwelling units in million)

    State/UTs
    HOUSING SHORTAGE
    ANDHRA PRADESH1.95
    ARUNACHAL PRADESH0.02
    ASSAM0.31
    BIHAR0.59
    CHHATISGARH0.36
    GOA0.07
    GUJARAT1.66
    HARYANA0.52
    HIMACHAL PRADESH0.06
    JAMMU & KASHMIR0.18
    JHARKHAND0.47
    KARNATAKA1.63
    KERALA0.76
    MADHYA PRADESH1.29
    MAHARASHTRA3.72
    MANIPUR0.05
    MEGHALAYA0.04
    MIZORAM0.04
    NAGALAND0.03
    ORISSA0.50
    PUNJAB0.69
    RAJASTHAN1.00
    SIKKIM0.01
    TAMIL NADU2.82
    TRIPURA0.06
    UTTARANCHAL0.18
    UTTAR PRADESH2.38
    WEST BENGAL2.04
    A&N ISLANDS0.01
    CHANDIGARH0.08
    DADRA & NAGAR HAVELI0.01
    DAMAN & DIU0.01
    DELHI1.13
    LAKSHADWEEP0.00
    PONDICHERRY0.06
    ALL INDIA24.71
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    sushma
    Sushma Singh

      Sushma is a seasoned business writer and content creator with over 7 years of experience in the field. She has a talent for taking complex topics and breaking them down into easily understandable language that engages and educates her readers. Her expertise allows her to cover a wide range of topics relevant to the B2B industry, providing business owners with the knowledge they need to make informed decisions and drive growth.

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