Modi's Fifty Million Homes Moonshot Looks Set to Miss Its Mark
- About 65 million people live in slums in India’s urban areas
- Land prices, difficulty getting approvals hurt supply
A woman walks near a model in a Lodha Group showroom in Palava City on the outskirts of Mumbai, India, on Thursday, May 25, 2017.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s ambitious ‘Housing for All’ plan is bumping up against some harsh realities.
Prime Minister Narendra Modi set a target in 2015-16 of building 50 million homes in less than a decade, or about seven million a year. The nation has since added only 214,560 under the scheme, underscoring the challenge in achieving that target.