By Karen Coelho, A Srivathsan and Gayathri Pattnam on June 4th 2021
Affordable housing in Chennai means a unit costing between ₹ 8 and 20 lakh (₹8-10.2 lakh for EWS and ₹16-20 lakh for LIG households), based on the Deepak Parekh Committee’s definition of affordability. In practice, however, state agencies as well as private builders define affordable housing by size, referring to units of 300 to 600 square feet. This approach has contributed to making most “affordable” housing produced in the city unaffordable to EWS and LIG households.