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IFC Sharpens Focus on Affordable Housing, Housing Finance in India
The FINANCIAL -- IFC, a member of the World Bank Group, is working with key stakeholders including government, regulatory bodies, private sector developers, and financiers to help make affordable housing available for low- and middle-income populations in India. "As part of this initiative, National Housing ...
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- Finance
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- housing
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Hidden in Low-Cost Housing: Rs 13 Lakh Crore for Developers
Even as large established developers shy away from the underserved affordable housing market in urban india, the shortage in the low-income housing segment — estimated to be around 2.1 crore households — presents a Rs 13 lakh crore opportunity for developers. Housing finance for the low-income segment, defined as those with a monthly household income between Rs 7,000 and Rs 24,000, has been categorised as ...
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MFIs Wary of Housing Loans over Default Fears
Bangalore: Concerns of defaults are holding back microfinance institutions, or MFIs, from a full-fledged expansion into home loans even as they seek to turn their clientele of poor borrowers into consumers and compete with commercial banks. MFIs, established mainly to lend small sums to the unbanked poor to help them earn a living, say there’s potentially a huge demand for home loans among their customers. At least two of seven prominent MFIs that Mint spoke to have started...
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- housing
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Tatas Going Global with Low-Cost Housing
Kochi, Nov. 5 The Tatas are giving a global perspective to their successful affordable housing model, which was launched in Mumbai. Mr Ratan Tata, Chairman of Tata Sons, said that Tata Housing has got enquiries for replicating the Mumbai housing model from other countries and is likely to start out from Maldives. Enquiries have come from various other States and the affordable housing model would soon be extended to Kolkata, Bangalore and Assam. He said there exists tremendo...
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Misconceptions on Low Income Housing Markets and Strategic Implications for BoP Business Models
According to our publication ?The Next 4 Billion? yearly expenditures on housing in the BoP market is about $331.8 billion.The unmet need for housing is often equated with the need for new housing. However, these segments usually build their houses incrementally, a room at a time. This has significant implications for BoP business models.
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An Alternative Urban Vision for India – Affordable Housing
I recently attended the First Habitat Summit, a joint initiative by India Habitat Centre and Urban Habitats Forum. There were some of the discussions which I feel qualify as a good read for the BoP community. One of them was on the topic of Affordable Housing. This engaging session was chaired by Ashish Karamchandani from Monitor Group...
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- housing
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Low-cost housing in Mumbai: A market at the base of the pyramid?
Estimates suggest that India has a shortfall of more than 25 million low-cost or affordable houses. The result is sprawling slums that ring some of the country’s largest cities and a bewildering maze of tenement buildings in which three-generations-under-one-roof-families jostle for space and privacy in spaces of 150 square feet and above. As Supriya Menon said recently, they say it is easy to find everything in Mumbai except for a house ( BBC , 15 June). Just lik...
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The Nano Home: India’s Cheap Housing Boom
Indian property developers cater to the masses with low-cost housing LAST month ten-year-old Azharuddin Ismail was woken in the middle of the night by the sound of bulldozers. As policemen beat him with a bamboo stick to shoo him and his family away, his home in Mumbai’s slums was swiftly demolished. Azhar, a celebrity since appearing in the film "Slumdog Millionaire", has since been given a new home by the filmmakers. But other residents were not so fortunate. India’s c...
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