Summary:
They just went ahead with launching affordable housing in an area because the land was cheap and local development regulations were lax. One may point out that with the Government's avowed intention of providing Housing for All by 2022, this supply should logically bridge the affordable housing gap. Around 2.37 lakh housing units (flats) across top seven cities belonging to the affordable housing segment (units priced less than Rs 40 lakh) were left unsold as of second quarter of 2018. According to the report, most of these houses are lying vacant because they lack infrastructure, connectivity, bad construction and no proper approvals. Anuj Puri, Chairman, Anarock Property Consultant said, "In any discussion about affordable housing in India today, the fact that a lot of such houses are lying vacant is bound to crop up..