Affordable Housing Facts by Wish Empire

1
Affordable Housing Factsby Wish Empire
2
Definition of Affordable housing

• According to the MHUPA(Ministry of Housing and
  Urban Poverty Alleviation), affordable Housing is
  defined on the basis of the income slab, build up
  area and the pricing of the Flats or the
  Affordability
• The Classifications on the basis of the build up
  area of the EWS, LIG and MIG can be derived as
  follows
• EWS Minimum of 300 square feet build up area and
  Minimum 269 square feet Carpet Area
• LIG Minimum of 500 square feet build up area and
  Maximum 516 square feet Carpet Area
• MIG Minimum of 600 square feet build up area and
  Maximum 816 square feet Carpet Area
• The EMIs of these should not costs 30 to 40 of
  the total monthly income of the buyers

http//www.wishempire.com/residential-apartments.h
tml
3
Some Facts related to Urbanization

• Urbanization in India as per 2011 census is
  around 31.16
• This Growing Urban Population in India led to the
  troubles related to Land Shortage, Shortages of
  Housing schemes
• It also has affected the basic amenities like
  water, electricity and pure air
• It also has affected the way people live and even
  has led to the troubles like increase in the
  number of Slums
• Jaipur stands at 10th Position among the largest
  Urban agglomerations in India as per 2011 census
  by Population
• The Urban Population of Jaipur is 3,073,350
  according to 2011 census

http//www.wishempire.com/residential-apartments.h
tml
4
Affordable Housing Data

• Urban Housing Stock stands at 78.48 million as
  per 78.89 million Household in India
• When we talk clearly on the number of lack of
  affordable housing, it stands at 19 million units
  as per data of 2013
• There is a vast shortage of Affordable Housing in
  India
• In this Vast Shortage of housing, 88 of the
  shortage is for the Economically Weaker Sections
  while other 11 is for the Low Income Group
• Middle Income and High Income Groups features in
  just 1 of the shortage of Affordable Housing in
  India

http//www.wishempire.com/residential-apartments.h
tml
5
Classifications of sections

• According to latest Data, the sections being
  divided into EWS, LIG, MIG, HIG
• EWS The people having the annual income below 1
  lac
• LIG People earning more than 1 lac but less than
  2 lac annually
• MIG People earning more than 2 lac but less than
  7.5 Lacs annually
• HIG People having the income above 7.5 lacs
  annually are regarded as high Income Group Section

http//www.wishempire.com/residential-apartments.h
tml
6
Efforts are on for Affordable Housing

• Several Builders are now Building Flats and
  Apartments focused on EWS or Economically Weaker
  Sections and LIG Sections
• Now, Affordable Housing is the ultimate Priority
  of the Government and aims to provides with the
  people the comfortable houses at the cheapest
  rate
• Several Measures on Providing Affordable Housing
  are being taken to meet the demands of the
  Affordable Housing
• Stamp Duty reduction to the maximum of 2 for LIG
  and 0 for EWS Flats is one of the steps being
  taken to ensure affordable housing for buyers

http//www.wishempire.com/residential-apartments.h
tml
7

• Wish Empire
• S-220, Time Square, Central Spine
• Vidhyadhar Nagar, Jaipur-302023
• we_at_wishempire.com
• www.wishempire.com
• 0141-5115221, 91 9351555556