Nearly
About 37.70 crore people live in Indian cities and 31% of the Indian population
do not have a house. This is in spite of the fact that housing &
construction sector is a vital sector, as it supports about 250 ancillary
industries and contributes nearly 10% to the GDP (Gross Domestic Production).
Price
escalations are making housing unaffordable and the total housing shortage has
been estimated at 18.78 million units.Over 95 per cent pertains to the
economically weaker sections (EWS) and low income group (LIG) categories.
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