Indeed, a roof over every Indian's head would be the most compelling deliverable for any Government to actually deliver.
Advances in Technology in Real Estate
Many of the most important changes to positively impact home buyers in India so far have been at the policy level, while others have been induced by advances in technology, Anuj Puri, Chairman – ANAROCK Property Consultants lists out here:
Housing for All by 2022
According to a recent Government report, the shortage of urban housing in India has reduced from 24.7 million, estimated at the start of the 11th five-year plan 2007 to 18.78 million in the next five-year plan 2012-2017. A shortfall of close to 19 million homes is not inconsiderable.
Nevertheless, as an electoral promise, it remains uniquely evocative and relevant for Indians today. Indeed, a roof over every Indian's head would be the most compelling deliverable for any Government to actually deliver.
Puri says, “Can this dream be achieved? A lot would depend on:
Definitely, the Government has within its grasp the means to make it happen. Perhaps Independent India will indeed see this ambitious goal achieved by 2022.”