Affordable Housing Is Set For Record Growth

With RERA in place, people’s confidence has come back

- Yagnesh Kansara

Cinema being the reflection of the society, some of 70s blockbusters like Deewaar, Namak Haraam, Namak Halaal, and others dealt with some crucial topics like unemployment, labour unrest and poverty in the post-Independence era. Similarly, Manoj Kumar and Amitabh Bachchan starrer blockbuster ‘Roti, Kapda aur Makan’ spoke about the three basic necessities of life. Almost 72 years after independence, though the first two necessities have been somewhat addressed, the third requirement of shelter is set to become a reality following the government undertaking an ambitious but realistic scheme of ‘Housing for All by 2022’, under the Prime Minister Awas Yojana (PMAY). It intends to bridge the huge demand and supply gap in the housing sector.

The optimism for the affordable housing sector is picking up. And for the first time in many years, the Government has walked the talk on the issue. Industry veterans are also acknowledging the fact that whatever work that has happened in last four years on this front has really galvanised the sector and now it has reached the stage of take off.

What is the current demand-supply situation?