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Govt slashes urban housing shortage number by half

The government will use its own surplus land to build affordable homes and address this shortage

Real estate, housing finance, building
premium

Karan Choudhury New Delhi
The government on Wednesday revised the housing shortage number in urban areas by almost half, Housing and Urban Affairs Minister Hardeep Singh Puri said.
 
The estimated housing shortage in urban areas has been reduced to about 10 million units from the 2011 projection of 18.76 million.

Speaking at a real estate conference, Puri said a technical study conducted by the government in 2011 estimated housing shortage at 18.76 million units in urban areas, of which 96 per cent pertained to the economically weaker section (EWS) and lower income group (LIG).

“Subsequent assessments that were carried out since 2011 have resulted in this