Jul
24
Modi’s Fifty Million Homes Moonshot Looks Set to Miss Its Mark
By-
About 65 million people live in slums in India’s urban areas
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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…
Modi’s Fifty Million Homes Moonshot Looks Set to Miss Its Mark
