The housing gap: Indian cities needs 18 million houses

The shortage of urban housing across the country will increase to an estimated 3.41 crore units by 2022, mainly on the back of demand-supply gap and rising levels of income among the working class seeking to purchase houses.

According to the "White Paper - Indian Housing Industry” by research and consultancy firm RNCOS, it is expected that the urban shortage will reach to 34.1 million units by 2022.

The shortage of urban houses stood at 18.8 million units in 2012 and it is expected to grow at an compound annual growth rate of 6.6% for 10 years till 2022.

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