housing finance
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CHAPTER 1
V
HOUSING FINANCE SCHEMES IN INDIA - AN ANALYSIS
House is a basic necessity. Everyone, rich or poor, whether in rural areas or urban areas, needs a house to protect his life and property and also to promote his well-being. Houses do a great deal more than housing the people.
They channel human relationship and are an integral part of the society. A house is not an isolated structure but forms part of the neighbourhood and the total community. Housing does not mean the construction of a shelter only, a shelter to protect way from the inclemencies of weather. Housing in its wide sense a comprehends a shelter designed to fit in with his social and cultural wants and located in proper environment supported by physical and social infrastructure.
The physical characteristic of the present day houses in the country also reflects various phases of the evolutionary process in the socio-cultural growth of the country. There is a growing demand for recognition of housing as basic human right. Providing adequate housing is the responsibility of the State.
In a large country like lndia, natural diversities, geographical and climatic extremes and socio- economic disparities have enhanced the magnitude of the problem of housing. The rural urban divide is a glaring example of the disparity.
Estimates show that lndia will have 41 million people without a proper roof over their head by the year 2000 A.D. Of this, 32 million people would be in rural areas. Although there has been a sharp increase in the construction of houses in
the past two decades, escalating land prices, paucity of land in urban centres and high interest rate have dampened the pace in recent years.
HOUSING SHORTAGE IN INDIA
Housing shortage is the gap between total demand and total stock of houses. A shortage arises due to many forces among which the most important are the slze and growth in population, the marriage age and the prosperity of the economy
The housing
CHAPTER 1
V
HOUSING FINANCE SCHEMES IN INDIA - AN ANALYSIS
House is a basic necessity. Everyone, rich or poor, whether in rural areas or urban areas, needs a house to protect his life and property and also to promote his well-being. Houses do a great deal more than housing the people.
They channel human relationship and are an integral part of the society. A house is not an isolated structure but forms part of the neighbourhood and the total community. Housing does not mean the construction of a shelter only, a shelter to protect way from the inclemencies of weather. Housing in its wide sense a comprehends a shelter designed to fit in with his social and cultural wants and located in proper environment supported by physical and social infrastructure.
The physical characteristic of the present day houses in the country also reflects various phases of the evolutionary process in the socio-cultural growth of the country. There is a growing demand for recognition of housing as basic human right. Providing adequate housing is the responsibility of the State.
In a large country like lndia, natural diversities, geographical and climatic extremes and socio- economic disparities have enhanced the magnitude of the problem of housing. The rural urban divide is a glaring example of the disparity.
Estimates show that lndia will have 41 million people without a proper roof over their head by the year 2000 A.D. Of this, 32 million people would be in rural areas. Although there has been a sharp increase in the construction of houses in
the past two decades, escalating land prices, paucity of land in urban centres and high interest rate have dampened the pace in recent years.
HOUSING SHORTAGE IN INDIA
Housing shortage is the gap between total demand and total stock of houses. A shortage arises due to many forces among which the most important are the slze and growth in population, the marriage age and the prosperity of the economy
The housing