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Affordable Housing Facts by Wish Empire

This PPT highlights the important aspects of affordable housing. This PPT deals with the classifications and facts related to the Affordable Housing. Kindly Visit: http://www.wishempire.com/residential-apartments.html for residential Apartments in Jaipur at cheap rate.

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Affordable Housing Facts by Wish Empire

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  1. Affordable Housing Factsby Wish Empire

  2. Definition of Affordable housing • According to the MHUPA(Ministry of Housing and Urban Poverty Alleviation), affordable Housing is defined on the basis of the income slab, build up area and the pricing of the Flats or the Affordability • The Classifications on the basis of the build up area of the EWS, LIG and MIG can be derived as follows: • EWS: Minimum of 300 square feet build up area and Minimum 269 square feet Carpet Area • LIG: Minimum of 500 square feet build up area and Maximum 516 square feet Carpet Area • MIG: Minimum of 600 square feet build up area and Maximum 816 square feet Carpet Area • The EMIs of these should not costs 30% to 40% of the total monthly income of the buyers http://www.wishempire.com/residential-apartments.html

  3. Some Facts related to Urbanization • Urbanization in India as per 2011 census is around 31.16% • This Growing Urban Population in India led to the troubles related to Land Shortage, Shortages of Housing schemes • It also has affected the basic amenities like water, electricity and pure air • It also has affected the way people live and even has led to the troubles like increase in the number of Slums • Jaipur stands at 10th Position among the largest Urban agglomerations in India as per 2011 census by Population • The Urban Population of Jaipur is 3,073,350 according to 2011 census http://www.wishempire.com/residential-apartments.html

  4. Affordable Housing Data • Urban Housing Stock stands at 78.48 million as per 78.89 million Household in India • When we talk clearly on the number of lack of affordable housing, it stands at 19 million units as per data of 2013 • There is a vast shortage of Affordable Housing in India • In this Vast Shortage of housing, 88% of the shortage is for the Economically Weaker Sections while other 11% is for the Low Income Group • Middle Income and High Income Groups features in just 1% of the shortage of Affordable Housing in India http://www.wishempire.com/residential-apartments.html

  5. Classifications of sections • According to latest Data, the sections being divided into EWS, LIG, MIG, HIG • EWS: The people having the annual income below 1 lac • LIG: People earning more than 1 lac but less than 2 lac annually • MIG: People earning more than 2 lac but less than 7.5 Lacs annually • HIG: People having the income above 7.5 lacs annually are regarded as high Income Group Section http://www.wishempire.com/residential-apartments.html

  6. Efforts are on for Affordable Housing • Several Builders are now Building Flats and Apartments focused on EWS or Economically Weaker Sections and LIG Sections • Now, Affordable Housing is the ultimate Priority of the Government and aims to provides with the people the comfortable houses at the cheapest rate • Several Measures on Providing Affordable Housing are being taken to meet the demands of the Affordable Housing • Stamp Duty reduction to the maximum of 2% for LIG and 0% for EWS Flats is one of the steps being taken to ensure affordable housing for buyers http://www.wishempire.com/residential-apartments.html

  7. Wish Empire S-220, Time Square, Central Spine Vidhyadhar Nagar, Jaipur-302023 we@wishempire.com www.wishempire.com 0141-5115221, +91 9351555556

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