SUMMER TRAINING AT SHANKER CORPORATE INDIA FOR AFFORDABLE HOUSINGMARKET SCENARIO IN INDIA

PRESENTED BY TO DEEPAK AGRAWAL

GOEL BBA Vth SEM(A) Summer ROLL NO:- 9351577 project)

PRESENTED
Ms. JUHI (Faculty For training

INTRODUCTION TO AFFORDABLE HOUSING

Affordable housing is the housing for masses. It is basically the step taken by the builders to built house for lower price for the general public of out nation. It provides dual benefit of COMFORTABLE LIIVING and PROXIMITY OF LOCATION to the buyers other than the flat at lower price. Affordability of the house is quantified by the HOUSEHOLD INCOME of the buyer and by the PRICE OF THE HOUSE. The Affordability of the does not compromises on the QUALITY OF CONTRUCTION of the product and on the other INFRASTRUCTURE NORMS.

Recently there is a change in the Real State Industry due to the shift of focus Towards the Affordable Housing in the last few years.

NEED FOR AFFORDABLE HOUSING

GROWTH OF INDIAN ECONOMY
Growth in the rate of Indian economy is near to the target fixed for the year till 2007. If we are looking on Indian economy from 1951 till 2007, Real State industry had shown the drastic change in its share in the increase of GDP of the nation. It has increased from 2.5% from 1951 to 8% in 2007, which is near to its fixed target of 10% by 2010.

DECLINE IN POPULATION BELOW POVERTY LINE

Population below poverty line has shown a drastic downfall in the last 5 decades. If we look on the history of the population chart of below poverty line people, we will notice a great change. It has decreased from 53% from 1951 to 22% in 2007. The downfall in the population off the below poverty line people has resulted in the increase of housing in India, and at that point of time the need for affordable housing came into existence. As more housing facility is being demanded by the people at the lower price.

EVOLUTION OF REAL STATE INDUSTRY

In the last two decade Real State Industry has undergone various changes. It is noticed that real state as come up as a separate industry and has its own identity. Many of the big business enterprises are now attracted towards this upcoming industry. Now in India, a heavy amount of investment is made in real state sector by many business

enterprises for the emergence of India as a country with best infrastructure facilities. The differences that occurred in the last two decade and now in this industry can be best explain with few points, which is listed below :

TWO DECADES AGO

Unorganized Sector Controlled development by development authority Traditional construction techniques Funding through unorganized sector Loan approvalquarterly execution Property purchase at fag end of career

NOW
Organized Sector Private sector Participation Modern Mechanized construction Techniques Multiple funding options are available Loan processing in a matter of days Property owners age -27 and above

Demand Supply Dynamics

 Short Supply of residential dwellings

o Supply Shortfall existing since independence o In 2005 estimated demand is 209.5 million and supply is 189.5 million o Demand supply gap is narrowing

Low Supply of housing for low income earners

o As per 11th 5 year Plan there is shortage of 20 million dwellings This constitutes 3% shortage in Low Income Group (LIG) and 92% in Economical Worker Section (EWS)

OPPORTUNITIES FOR AFFORDABLE HOUSING IN INDIA

Restructuring the housing sector Focusing on the product to real and user demand Constituting to strong domestic demand

Real state, a widely linked sector linked with other 200 industries

Multiplier effect on growth

Growth of urban population

ISSUES RELATING AFFORDABLE HOUSING

Lack of regulatory mechanism High cost of land Stringent land acquisition process Double taxation system high transaction cost Constraining density norms

SUGGESTIONS
Speedy approvals of housing projects Provisioning of additional FSI Improving connectivity to suburbs Rationalization of transaction cost Non scarcity of developed land Creation of Special Residential Zones (SRZ) Value engineering in construction Private Public Participation (PPP model)

Deepak, there r some problems with ur synopsis-

1.Index is not given. 2.Company profile and location of the office u have worked at is not given. 3.Research Methodlogy adopted by u. 4.Ur findings with respect to the project undertaken r not given. 5.Bibiligraphy is not given. 6. Ur synopsis should give an idea about the project under taken by u... n summarise ur full project report. Take the guidelines for the same from Pradeep Sir n edit the synopsis then. Sorry for delay from my side. Take ur time... no need to make a haste.