The Development of the Affordable Housing Space to Bridge the Urban-Rural Gap

The Development of the Affordable Housing Space to Bridge the Urban-Rural Gap

When it comes to affordable housing, the first thing that needs to be considered is the economic strata and demographics of the country. In India, a large segment of the population earns below ₹25,000/month. For them, it becomes quite tough to get in touch with some developers and find a space to build a house.

Therefore, to provide them with permanent settlement, the rise of the affordable housing sector has arrived, and that aims to bridge the gap between urban and rural areas. With the rapid industrialization in the country, we are witnessing a population migration where people are coming to cities, and that means a city now requires more housing facilities than ever to accommodate all these people.

Hence, it’s a rising challenge for big cities to accommodate all these people with the right infrastructure at an affordable price and consider all the other safety factors. Here comes the Affordable Housing Act, where the private entities and governments come together to build some housing facilities with basic amenities of bathrooms and bedrooms which helps to bridge the social ties.

Delving Into the Urban and Rural Divide of India

The disparity of income is one of the main reasons that cause problems in providing housing to the maximum number of people possible. For example, a person can get a housing loan through an agent from the One Andro app or some other aggregator platform and then they can go for building a house.

Along with the lack of income comes the payment for some of the basic services, which requires money, and that drenches the savings of such a family, and they can’t afford to build a house and claim their permanent residence.

Issues related to education, healthcare, and other amenities are some of the factors that keep people in the loop of poverty or the lower-income category and that prevent them from getting access to mid-sized properties.

The Issue with Lack of Infrastructure

Apart from the problem with income disparity, there’s also an issue with the infrastructure, and in a city, people find it hard to get a place at an affordable price as there is more demand for such places in a city.

In rural areas, adequate connectivity and transportation are a problem, and for that, one needs to come and reside in a city to show up every day at work. However, it brings the housing problem where one doesn’t get access to clean water and sanitation if the room is there for rent. Thus infrastructure is a major problem and needs to be solved to provide housing for the people adequately.

Challenges Faced by the Population Who Are Recent Migrants

The urban and rural populations are migrating, and people are flocking to the cities for better opportunities. And to tackle this shift, the country needs more cities where it can segregate the population.

If that’s not the case, then housing constraints will remain an issue as more people want to pay for the room, and the demand is always as high as ever. It creates a constraint, and an individual who is coming to the city for the first time faces the challenges of getting home and completing the basic necessity check.

The Rise of Affordable Housing as a Solution

An approach towards affordable housing is something that can be contributed towards providing relief to these low-income earners, and they can get a permanent settlement, which will reduce their need for migration and will complete some of the necessities.

In affordable housing, one can build a house at a much lower cost with very little capital upfront. One can get a loan with the help of an agent through the One Andro DSA app or at some other platform and can get a loan amount of 12 to 15 lakhs.

If the problem of housing gets simplified, then one can focus on getting better healthcare and education for their child, and that helps to improve the net lifestyle value of a family and can drag people out of poverty.

Government Initiative In Promoting Accessible Housing

Governments and private players are both playing a large role in making this initiative a success. The PPP model of work and the incentives of government through PM Awas Yojana and other state government schemes are working towards the same problem.

Affordable housing is, therefore, a probable solution through which the government and various agencies are looking to solve the crisis of housing in the city.