Affordable housing the need of hour price matters
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Affordable housing the need of hour price matters. Economics. this consist of problem face by the buyers while buying housing in India. Sri Balaji Society student managers made this presentation. Data is upto date that means up to 2016 data and by JLL and KPMG approved.
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Affordable housing the need of hour price matters
- 1. SHIVAM GUPTA VIJETA SHARMA VAIBHAV SAXENA SHRIPAL HAJARI SUMANT SULABH ARORA Affordable housing The need of an hour Price Matters!!!
- 2. CONTENT ï Introduction ï Factors responsible for high pricing ï Income level and housing affordability ï Major hubs for affordable housing development ï Push and pull factor ï Demand and supply dynamics of housing for variable ï Policies and framework ï Measures to control housing rates ï Monitory and fiscal policies
- 3. INTRODUCTION ï The current population of India is 133 CRORES as of Monday, November 21, 2016, based on the latest United Nations estimates. ï India population is equivalent to 17.84% of the total world population. ï India ranks number 2 in the list of countries by population. ï 32 % of the population is urban (42.9802 crores people in 2016) ï Population residing in urban areas in India, according to 1901 census, was 11.4%. This count increased to 28.53% according to 2001 census, and crossing 30% as per 2011 census, standing at 31.16%.
- 4. ïSome of the major problems of urbanisation in India are: ï Urban Sprawl ï Overcrowding ï Housing ï Unemployment ï Slums and Squatter Settlements ï Transport ï Water ï Sewerage Problems ï Trash Disposal ï Urban Crimes ï Problem of Urban Pollution!
- 5. Definition ï According to Economic Times: Affordable housing refers to housing units that are affordable by that section of society whose income is below the median household income.
- 6. Factors responsible for high pricing ï Demography ï Policies ï Increasing Demands ï Developers
- 19. Budget 2016 âą Rs.4000 Cr for National Housing bank. âą Long term fund for soft lending for homes buyer for up to 50L in 6 metro cities. âą Exemption from service taxes for those undertaking affordable housing project. âą Deduction for additional interest of `50,000 per annum for loans up to 35 lakh sanctioned in 2016-17 for first time home buyers âą Extend excise duty exemption, presently available to Concrete Mix manufactured at site for use in construction work to Ready Mix ï Concrete. ï Housing for All by 2022â Mission â National Mission for Urban Housing âą Fiscal deficit in RE 2015-16 and BE 2016-17 retained at 3.9% and 3.5%. âą Revenue Deficit target from 2.8% to 2.5% in RE 2015-16 âą Total expenditure projected at ` 19.78 lakh crore
- 20. Budget 2016 ï Housing for All by 2022â Mission â National Mission for Urban Housing âą Slum rehabilitation âą Promotion of affordable housing for weaker section through credit linked subsidy âą Affordable housing in partnership with Public & Private sectors âą Subsidy for beneficiary-led individual house construction or enhancement
- 21. Conclusion âą Historically, housing for poor and economically weaker section of the society has been provided by the government under various welfare scheme. âą The main reason for affordable housing on supply side is lack of availability of urban land, rise in construction cost, regularity issues, lack of access to home finance for low income groups.