Can houses for economically weaker section coexist with others?

Can houses for economically weaker section coexist with others?

Can houses for economically weaker section coexist with others?

To help and facilitate the urban poor, who are generally overlooked by banks and financial institutions to lend housing loans stating their ‘informal nature of employment’, the government every now and then declares various schemes, for instance, Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) wherein 5% interest subsidy is given for loans upto Rs. 1 lakh, a Credit Risk Guarantee Fund with a corpus of Rs. 1,000 crore to secure the housing loans provided to EWS/LIG beneficiaries upto Rs. 5 lakh, Jawaharlal Nehru National Urban Renewal Mission (JnNURM), Rajiv Awas Yojana (RAY), ISHUP and Affordable Housing in Partnership (AHP).

In this scenario, www.makaan.com asked the general masses, who constituted a mixed batch of people, whether the houses for economically weaker section can co exist with others or such segments have to be provided in a different set up and by the means of a different procedure? Moreover, can metros like Delhi and Mumbai consider the housing needs of the economically weaker section and consider the latter to be part of the societies. 60% of the people said that the houses belonging to the different income groups can co-exist; the same was followed traditionally and the government should provide further subsidies for the deceasing the gap. Moreover, there should be an introduction of differential pricing for high and economical (middle) income groups.

On the other hand, 35% of people said that the possibility of the co-existence is an ideal one and cannot happen. More and more subsidies will only create a chaos and the first motive should be to provide housing for everyone rather than the co-existence of various groups. Only 5% of people said that they do not know much about the subject and cannot comment in it.

Buying a home is one of the most significant financial investments that one ever makes; therefore, it is only advisable to do a proper market research and survey prior to finalizing anything. For more of such poll reports and to cast your vote in a poll, visit: http://makaaniq.makaan.com/ .

Last Updated: Tue Apr 02 2013

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