Thursday, January 17, 2008

The annual need for urban housing units is almost half a crore

Dwelling on low-cost housing demands

Low-cost housing or LCH is slowly getting high on the agenda of developers. While this is understandable, because of the enormous gap between supply and demand, what should be worrying is that high land cost, and lack of connectivity owing to poor infrastructure are proving to be major impediments to LCH in India.

Add to this, the minimum cost of building. “We can have some saving in cost by doing prefab/new construction technology, however the total saving is not very high,” says Mr Vishal Goel, Associate Director, Real Estate Practice, Ernst & Young.

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