Luxury House/Villas in Goa

According to the India Wealth Report, by 2027, India may become the fourth largest wealth market in the world. As of December 2017, the total wealth held by individuals living in India amounts to $8.2 trillion.

Even as the government reiterates it is committed to meeting the ambitious target of providing housing to all by 2022, the country’s top court has rapped 12 states and Union Territories over their failure to notify names of members of the panel set up by them to take care of the needs of the urban homeless. The Supreme Court on September 7 also slapped fine of Rs 1-5 lakh on these states while stating that people without shelter cannot be left to fend for themselves as government’s grand plans remained unimplemented.

According to data available on the urban affairs ministry website, over 75 per cent of the total waste collected across India by municipalities goes unprocessed every day. In India, on an average, over 1.43 lakh metric tonne of garbage is generated every day. Of this, only 35,000 metric tonne is processed while the remaining 1.11 metric tonne is left in open.

India has been known to be the third-largest real estate investment hub for HNIs as well as NRIs. According to a Khaleej Times report, a survey reveals that 42.34 per cent of the participants had declined finance to buy a property in India. A few months ago, the percentage of people who denied loans to finance their purchase stood at 33.66 per cent.

However, the forest cover in India has increased by 6,778 square kilometres during the last two years. This is a marginal rise of 0.21 per cent compared to the 2015 data. Development projects, illegal encroachments, construction and urbanisation, conversion of forest land for cultivation and commercial logging are the contributing factors for the loss of forest cover in the country. Can we as a country afford the green cover loss? Liveability is at stake.