India Faces 31.2 Million Affordable Housing Shortage by 2030, Report Finds

CII-Knight Frank report highlights a ₹67 trillion market opportunity and calls for policy reforms to address the growing deficit.

India's affordable housing demand is projected to reach 31.2 million units by 2030, with an existing shortage of 10.1 million units.
The report estimates a potential market size of ₹67 trillion, presenting significant opportunities for real estate developers and financial institutions.
A government-backed home loan scheme for informal sector workers is under consideration to improve access to affordable housing financing.
Key recommendations include revising RBI's outdated definition of affordable housing, unlocking PSU lands, and increasing Floor Space Index (FSI) limits to reduce costs for developers.
The report emphasizes the need for tax incentives, public-private partnerships, and the development of satellite cities to alleviate housing pressure in urban centers.