What we do

A Few Trends For Which IDLC Housing Focuses on 

Increasing Urbanisation: A Global Trend

The global population has been growing rapidly in recent decades, especially in developing countries. This has caused a corresponding growth in Urbanisation as this population gravitates toward urban centers in search of employment opportunities and a better standard of living. Urban centers essentially concentrate economic activity and enable the resident population to participate in the country’s growth story. Urbanization is also widely recognized as the best solution to deal with the world’s population growth as infrastructure can be focused and optimized to deal with the requirements of a dense population much more efficiently than to a dispersed population. Therefore an inevitable trend exists, following which the world will continue to become increasingly urbanized in the future as well.

pexels-anuj-yadav-8143912

Housing Sector in India

  • Housing is taking center stage internationally as well as on the national agenda in India. With housing recognized as a basic need, governments at every level are discussing ways and means to provide access to housing for their living-hood.
  • A large population base, rising income level and rapid urbanization leads to growth in this sector.
  • In India, the real estate sector is the second-highest employment generator, after the agriculture sector. The private sector continues to support development of new projects in the real estate sector.

Housing Sector in Bangladesh

  • The real estate sector is one of the fastest growing and thrusting sectors in Bangladesh. Infrastructural development is highly important for a country to rise as a developed nation and to ensure housing facilities for the citizens of the country.
  • The real estate sector is the growth center for the development of an economy. Bangladesh, being one of the most densely populated nations in the world, has been experiencing a severe housing shortage for its citizens.
  • The private sector housing real estate developers have met a small proportion of the national housing demand in the last more than twenty years. The gap between demand and supply is still wide.
  • The real estate sector is one of the most attractive sectors of investment now in Bangladesh. Rapid urbanization has become an acute problem for the country.
  • There is an acute shortage of housing supply in all urban areas and it’s increasing all over the country.
  • Thus, there exists a high demand for plots and flat units. This huge and unfulfilled demand is highly attractive to investors.

Housing Sector in Nepal

  • The Real Estate Market in Nepal is flourishing the steep raises in land and home prices can attest to it, especially within the Kathmandu valley.

 

  • This pace, at which the property is selling, despite the baffling prices, confirms that the real estate market is bound to thrive no matter what natural disasters may befall
  • In Nepal, the housing sector has been growing steadily in recent years with an annual average growth rate of 8 percent. The total number of households in Nepal increased from 4.7 million in 2001 to 5.6 million in 2011, while the urban population grew from 15 percent to 21 percent over the same period. The increase in population and economic growth has resulted in increased demand for housing, both for ownership and rental purposes.
  • However, despite the strong growth in the sector, there remains a significant gap between supply and demand for housing in Nepal. It is estimated that there is a current shortfall of 1 million houses in Nepal, with an additional 500,000 houses needed each year to keep up with population growth and urbanization. The majority of the demand for housing is concentrated in Kathmandu Valley and other major cities such as Pokhara, Biratnagar, and Bharatpur.

 This indicates just how big the housing market is with just a few suppliers, ultimately creating housing shortages and creating profitability with high raises in prices. Hence, this is probably the best time to invest.

PMAY Scheme

  • The Union Budget has given a significant boost to affordable housing in the country. The Finance Minister stated that 80 lakh houses will be completed by 2023 under the Pradhan Mantri Awas Yojana rural and urban schemes. Moreover, Rs 48,000 crore will be allocated to construct these houses. 
  • In order to address the issue of housing shortages, the Government of India has prioritized the development of the housing sector by establishing the Pradhan Mantri Awas Yojana (Urban) or PMAY (U) scheme in 2015.
  • The government and financial sector regulators are working together to help the middle class and the economically weaker sections gain access to finance for affordable housing. Moreover, the Central and State Governments are working together to reduce the time required for land and construction-related approvals to promote affordable housing in urban areas. 
  • All upcoming housing projects will get the benefit of the housing focus in the Union Budget 2022. Moreover, the Government’s focus on developing urban areas will boost employment, thereby raising the demand for houses in urban areas. Also, housing is vital for economic growth as it promotes the development of steel, cement, paint, and other industries.
pexels-mitch-kesler-2252342

Smart City Mission

  • Flagship scheme under the Ministry of Housing and Urban Affairs. This ambitious programme by the Indian Government aims at building 100 Smart Cities across India with a focus on planned urbanization and sustainable development as a support system for the neighbouring cities. It also involves the development of high-quality infrastructure with the provision of basic amenities, education, health services IT accessibility, digitization, e-governance, sustainable development, safety, and security.
  • The Finance Minister announced the allocation of Rs. 60,000 crore to bring clean tap water to 3.8 crore households in 2022-23 under “Har Ghar, Nal Se Jal”. It will benefit the affordable housing segment even as the Government focuses on developing Tier 2 and Tier 3 cities. In a nutshell, focusing on infrastructure and affordable housing is vital for the country’s economic development. 
  • Middle class has witnessed a decent improvement in their living standards, and owning a good house has become a matter of need rather than a distant aspiration. This has led to an increase in the demand for good housing projects. This gap in demand fulfilment is higher in Tier-2 cities. 

Aerotropolis

  • “Airports will shape business location and urban development in the 21st century as much as highways did in the 20th century, railroads in the 19th, and seaports in the 18th”• John D. Kasarda
  • Major airports are key nodes in global production and enterprise systems, offering speed, agility, and connectivity. They are also powerful engines of local economic development, attracting aviation-linked businesses of all types to their environs.
  • The rapid expansion of airport-linked commercial facilities is making today’s air gateways anchors of 21st-century metropolitan development where distant travelers and locals alike can conduct business, exchange knowledge, shop, eat, sleep, and be entertained without going more than fifteen minutes from the airport.
  • As aviation-oriented businesses are increasingly drawn to airport cities and transportation corridors radiating from them, a new urban form is emerging: the Aerotropolis. This form consists of an airport city and outlying clusters of aviation-linked businesses and associated residential development that feeds off each other’s accessibility to the airport.
aero