Eleven small cities are likely to witness an incremental housing demand of 9.44 lakh units in next five years, property consultant Cushman & Wakefield (C&W) said. Surat is likely to see highest incremental residential demand among 11 cities selected in a study at 2.3 lakh units, followed by Kochi at 1.18 lakh units and Visakhapatnam at 1 lakh units. The report `Embracing Change: Exploring Growth Markets for Indian Housing’ has identified 11 cities among tier-II and tier-III cities which could witness strong real estate demand, especially residential.

OVER 2 LAKH HOUSES BUILT UNDER CENTRAL SCHEMES IN 2 YEARS

Over two lakh houses have been constructed under Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Rajiv Awas Yojana (RAY) and Pradhan Mantri Awas Yojana Urban (PMAY-U) in various states in the last two years, Lok Sabha was informed on August 10. During the last two years, 2,23,814 houses have been constructed under JNNURM, RAY, PMAY-U by implementing agencies,“ Minister of State for Housing and Urban Poverty Alleviation Rao Inderjit Singh said during Question Hour. Housing and urbanisation come under the purview of the state governments, he said, adding that central schemes like JNNURM, RAY, PMAY-U are being implemented for providing low cost houses and related civic amenities to the urban poor including slum dwellers. The states and union territories are implementing these schemes through their agencies.