India faces a severe affordable housing crisis with shortages projected to reach 30 million units by 2030, as supply-demand gaps widen due to weak private investment and regulatory challenges.

The government's newest proposal in the Interim Union Budget for 2024-25 offers a comprehensive strategy to empower worthy middle-income people. Tenants in chawls, slums, and unauthorised colonies are being offered a chance to buy or build their own houses. A wider approach to improve quality of lif

The Union Cabinet has extended the Pradhan Mantri Awas Yojana (Urban) till December 2024. This decision, announced in an official statement, extends the June 2015 plan. The original March 2022 'Housing for All' Mission aims to provide pucca dwellings to all qualified urban inhabitants.

PMAY (Urban) is built for people living in urban centers across the world, including slum dwellers, to be affordable in terms of accommodation. It is anticipated that demand for slum houses will reach up to 18 million by 2022.