Way Forward Balancing safety and costs: Policy makers, dev | CSE MAINS BOOSTER
Way Forward
Balancing safety and costs: Policy makers, developers must pay heed to factors such as skill level of
labour, budget and deadlines, mitigation measures for foreseen risks and natural hazards,
environmentally friendly solutions including the use of local material vs production of alternative
sustainable material, etc. while arriving at the cost implications of the planned projects.
Standardized business models for the different realms of buyers: Establish clarity on the layers of target customers within the society for whom the homes are being designed and developed.
Financing
Remeasuring affordability region-wise, and bringing down the financial threshold via incremental
financing, rental solutions, etc. must be looked into
Effective financing through micro mortgages by utilising the reach of Self-Help Groups (SHGs) would
ensure housing finance is available to large sections of LIG and EWS populations.
Tapping into resource pools through the option of convergence with ongoing Central and State
Government schemes.
Strong Value Proposition: Producing affordable homes should involve factoring liveability parameters such as Location (access to job, schools, healthcare, etc.), connectivity and basic infrastructure such as water supply, electricity and sanitation facilities.
The right building material and technique of construction should be chosen for the sector
Long term sustainability mechanisms must be in place such as Setting up of Resident Welfare
Association, periodic audit etc.
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