Trends in Affordable Housing Financing In India

Abstract

Affordable housing finance scheme is imperative to fulfil the objective of owning a house for every household in India. The overall shortage of housing is staggering, especially in urban India due to population growth, urbanisation and multiplication of nuclear families. Affordable housing finance is about accessibility of buyers to get housing finance. The aim of affordable housing finance is to increase the housing loans and thereby reaching maximum of households without own houses. This paper gives an overview of trends in affordable housing market in India, focusing primarily on opportunities and roadblocks in housing finance for developers, consumers, and providers of capital besides presenting the favourable macro factors influencing the growth of AHF in India.