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.
By Shamindra Nath Roy on April 16th 2021
This is the second in a series of data tales that looks into the India Human Development Survey (IHDS) panel dataset (2005-06 and 2011-12) to portray certain trends on the nature and profile of house ownership, renting and purchase in urban India. This part looks into the variation in the ownership of new houses based on size of houses and size of the households, to get an idea about which segment of the housing market has become more preferable than others over time.
By Shamindra Nath Roy on April 9th 2021
This is the first in a series of data tales that looks into the India Human Development Survey (IHDS) panel dataset (2005-06 and 2011-12) to portray certain trends on the nature and profile of house ownership, renting and purchase in urban India. While the previous series provided a comprehensive picture of housing supply in urban India, this one will focus more on the demand side parameters; such as profiles of buyers and renters in the housing market of these cities.
By Shamindra Nath Roy on March 25th 2021
The private residential real estate market in urban India is diverse, and housing typologies vary within and across geographies. This is the second in a series of data pieces highlighting some of the characteristics of private real estate market in India across selected geographies between 2009-2019, based on data provided by Liases Foras, India’s only non-broking real-estate research company.