An analysis on the housing estate in India in reference to the rising urban slums and what is the current of the economy sector to provide housing to all

Abstract

12 to 13% of the GDP is spent on housing which incorporate gross rent, utilizes and owners imputed rent. Housing is important for all, India is a developing economy, housing price and affordable varies from city to city and also depending upon the population of the state, for better income and education facilitates people shift to the metropolitan cities or smart cities. Delhi, Mumbai, Chennai, Surat, Bangalore are facing a rise in population, where people are facing housing problems, in India people either have their own homes or they live in rented house, 65,000 million population live in the slums area in rural India due to heavy storm or cyclone the kaccha houses flow away. 1 % of the village have paccha houses which is part of smart villages. The government has launched many schemes for providing housing loans and construction of loans, however with the growing population, we require more space for housing, the smart city mission is one of the ways to provide housing for all. We need to adopt smart technology, smart living and smart housing which will provide maximum benefit at a limited cost.