Modi Wants to Replace Crowded Slums in India With 20 Million Homes - Bloomberg Business

Modi Wants to Replace Crowded Slums in India With 20 Million Homes - Bloomberg Business: "“If the poor have a proper house to go back to then it adds to his sense of security, and that individual’s productivity goes up,” said Neeraj Bansal, India head of real estate and construction at accounting firm KPMG. “If you push this engine, the bogies will pull along.”
Modi’s “Housing for All” program, first announced days after he took power last May, seeks to build 20 million homes over the next seven years in the world’s largest housing program. That should be enough to cover a shortage that forces families to live in overcrowded structures and slums, according to 2012 government estimates.
$2 Trillion
While previous governments focused largely on public-funded programs, Modi is looking to push the private sector into action. It’ll take $2 trillion in financing to meet his targets, according to estimates from KPMG and the National Real Estate Development Council, an policy research group."



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