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Type
Articles & Essays
Author
G. Moheyuddin
Publication Date
April 1, 2007
Posted
May 23, 2008
Categories
Technology
Globalization
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The provision of housing becomes a mega issue not only in the Under-Developed Countries (UDCs) but also in the Developed Courtiers (DCs). There is massive unmet demand for housing because of rapidly increasing population and rural-urban migration. On the one hand, there is an unmet demand for housing and on the other hand the affordability is worsening due to low purchasing power, reducing income of the people and accelerating inflation etc. So, the only solution to the housing issue is the provision of the low-cost (affordable) housing to the low-income people.
This paper discusses the different possible alternative solution for low-cost housing. First of all this paper describes the importance and potential for low-cost housing in this contemporary world and then the challenges and constraint, that must be addressed before finding the solutions to low-cost housing. And ultimately it gives the brief but comprehensive review of the possible alternatives to solve the housing issue.
[ This papers is selected for consolation prize in Institute of Bankers Pakistan (IBP)'s Research Paper Competition (Winter 2006) and Published in IBP's Book, titled: "Low-Cost Housing Solution.]
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