Urbanization and 100 smart cities: A housing perspective

Abstract

India, being a country with a huge population, most of whom constitute the economically weaker class, one of the most important sectors that could lead to sustainable development is real estate. In this paper, we have analysed the Indian real estate sector from a third person’s perspective like the World Bank, the government’s perspective as well as from the perspective of the major stakeholders in the industry like builders, rating agencies, developers and financiers. The Government has always focussed on the development of affordable housing for all, however research states otherwise. Major stakeholders have claimed inefficiencies in the market and are eagerly looking out for policy changes to set things right. From our viewpoint, India needs a housing revolution now and setting new initiatives by the government and enforcing strict regulations can go a long way in uplifting the housing market in India