Housing for All by 2022 seems to be a distant dream if one goes by the progress made on ground over the past three years. Lack of incentives like availability of land on cheap rates for developers and unclarity on the very concept of ‘affordability’are the major hurdles in the path of achieving the targets of this mission. The growth in housing loans under priority sector has fallen to 2 per cent in   2018, which is a cause of concern for the government’s mission.    

Under the Housing for All-2022 scheme, the target is to build two crore homes in the urban areas by 2022. However, this is a difficult target to achieve as the cost of land in bigger cities is prohibitive and due to this  low-cost  housing projects get relegated to areas from where commutation becomes a challenge.  

Banks, too, have not been able to give a thrust to low-cost housing segment due to capital constraints.