50 crore Indians need new homes in the next 10 Years

According to report by FICCI (Federation of Indian Chambers of Commerce and Industry ), Fifty crore Indians would need new homes in India's various cities over the next decade (Ten Years), a requirement equivalent to all of China, North America and Western Europe put together.

Highlights of  FICCI report..!

^ The report ­`Urban Infrastructure in India' ­ prepared by industry body FICCI said the country’s population is slated to grow to 170 crore by the year 2050 and rapid urbanisation will add nearly 90 crore people to Indian cities.

^ City capacity will need to grow nearly 400% in less than 50 years. This is the scale of urbanisation and urban infrastructure needs India has to contend with in the face of grossly inadequate urban infrastructure to meet the demands of the existing urban population.

^  Urban Local Bodies (ULBs) and government procurement in relation to urban infrastructure focuses more on construction of the facility rather than on the long-term operation and maintenance of the facility.


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