Modi’s Fifty Million Homes Moonshot Looks Set to Miss Its MarkBy
About 65 million people live in slums in India’s urban areas
Land prices, difficulty getting approvals hurt supply
India’s ambitious ‘Housing for All’ plan is bumping up against some harsh realities.
Prime Minister Narendra Modi set a target in 2015 of building 50 million homes in less than a decade, or about seven million a year. The nation has since added only 180,877 under the scheme, underscoring the challenge in achieving that target.
“It was a moon shot,” said Rajesh Krishnan, chief executive officer at Brick Eagle, a Mumbai-based private equity fund that provides project financing to affordable housing developers…
Leave a Reply
You must be logged in to post a comment.