- Designing public spaces using Minecraft brings refugees and local communities...
- UN Habitat Commits to Implementing the Global Compact on Migration
- Residents, diplomats and UN-Habitat staff join hands to clean up Nairobi
- UN-Habitat Executive Director unveils Youth Declar-Action at the Sustainable...
- Blue economy forum will boost water’s potential
- Op-Ed By Maimunah Mohd Sharif on Sustainable Blue Economy Conference
- UN-Habitat leads Africities session on effective local government planning for...
- Chinese Cities Improving in Global Competitiveness
- Resilient cities, a matter of planning for and with children
- UN-Habitat Executive Director: World Cities Day Message
Housing Finance Mechanisms in India
India is home to over 1.1 billion people. With about one in every sixth person in the world living in India, housing perforce assumes significant importance. Successive Indian governments have regarded housing as a primary need of the people. The need to provide affordable housing has been the reason behind State interventions in the sector.
Housing policies, however, tended to be framed by the government from a social rather than economic perspective. Despite explicit recognition of the need for housing, dedicated programmes have only benefited from low public spending. Housing and subsidies have largely synonymous with each other, hence a tendency to view housing finance from the angle of the government’s cash budget, rather than as a developmental activity with tremendous spin-offs to the economy.
Submit your review