The reports offers a working definition for Affordable House as a dwelling unit with a carpet area and value of up to 60 sq. m. and ₹60 lakh (metropolitan cities) and 90 sq. m. and ₹45 lakh (non-metropolitan areas)
- Pradhan Mantri Awas Yojana Urban (PMAY- U) 2.0, 2024 defines affordable housing with the same carpet area as above and value not exceeding ₹45 lakh.
Key Recommendations on Affordable Housing
- Zoning Reforms: Designate Affordable Housing Zones within city Master Plans and Town Planning Schemes, with at least 10% of all residential land marked for affordable housing E.g. Vienna and South Korea adopts such approach.
- Transit-oriented development (TOD): Cities should earmark areas near metro and mass transit stations exclusively for mixed-use development, combining offices, commercial spaces, and affordable housing.
- Reservation for EWS/LIG housing: Mandatory reservation of 10-15% of the built-up area for EWS/LIG housing in all housing & commercial projects exceeding 10,000 sqm built-up area or 5,000 sqm plot area.
- Reforms in rental housing legal framework: States should adopt dedicated rental housing stock policies through Public–Private Partnership (PPP) models, in line with PMAY-U 2.0 Affordable Rental Housing (ARH) vertical.
