Affordable housing
Affordable housing is the housing unit that is reasonable or affordable by the section of the society that is below the median household income. In other words, it addresses the housing needs of the lower or middle-income families. These homes are rated in a way that the households can fulfill the demand for their basic needs or living like clothing, food, transport, education and medical care. This housing segment becomes a critical issue in a developing nation like India where the majority of the population isn’t able to invest at the market price. As a rule, the housing segment should be considered affordable if the cost of the property is less than 30% of the gross household income.
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