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India: REITs may help solve real estate problem

Posted on 05 March 2013

India faces shortage of fresh supply of houses, the Technical Group on the Estimation of Housing Shortage, projects the total shortage of dwelling units in urban areas in 2012 to be 18.78 million, said a report by Knight Frank Research.
The estimated slum population in India is 94.98 million in 2012. As against this, the number of dwelling units sanctioned under JNNURM during a seven-year mission period was 1.6 million. The report further said, by 2031, about 600 million Indians will reside in urban areas, an increase of over 200 million in just 20 years. This change in the socio-economic landscape will have a bearing on several things, housing being the foremost………………………………………..Full Article: Source


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