Affordable housing: Grappling with the challenge of accessibility

11 May 2021 CW Team

Despite being one of the largest and fastest-growing economies in the world, India is also home to one of the largest homeless populations in the world. According to the 2011 census, 1.77 million people are homeless in the country—of this, 127,809 are in the state of Maharashtra. It is safe to assume these numbers have changed over the past few years. But the fact remains that housing is a basic necessity for survival. And as the second most populous nation in the world, housing for all becomes all the more pertinent in India.

Estimating a shortage of over 18 million homes and to address the need for affordable housing for the economically weaker sections of society, Prime Minister Narendra Modi launched the Pradhan Mantri Awas Yojana (PMAY) in 2015. The government has set upon an ambitious target of developing 22 million affordable houses by 2024. This is one of the most important initiatives for spurring growth in real estate.

To ensure the affordable housing scheme does not get derailed, Gurjot Bhatia, Managing Director, Project Management, CBRE India, Middle East and North Africa discuss; Arun Nanda, Chairman, Mahindra Lifespace Developers & Mahindra Holidays & Resorts; Ankur Gupta, President, Katerra discuss some key aspects that need to be examined.

Click here to read more.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..