Affordable Housing Customers and their Selection of Housing Finance

Abstract

Housing for low income group households became a burning issue in urban areas worldwide. Most developing countries are facing housing shortage issue especially in urban areas. The constant efforts have been made in this direction but expected results could not be achieved. The developing country like India also has same kind of issue regarding housing shortage in specific categories i.e. EWS, LIG and MIG. Since a last decade, many developing countries have started to workout on affordable housing to get solution from the chronic issue of housing shortage in urban areas.
Effort has been made by offering land at cheaper rate, concession in construction taxes even though result is not up to the mark. However, housing finance can be a vital key to get easy and earlier solution to resolve the issue up to certain extent where this affordable housing is concern. In India, there are no significant schemes on part of housing finance providers to affordable housing customers. The study focuses on attributes of affordable customers’ selection for housing finance. It also emphasis to associate the major determinants with housing finance selection in context of affordable housing customers in urban areas.
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