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THEME PAPER
underscore the public-private compounded development The ambitious Belt and
collaboration. as per the planning of phase- Road Initiative (BRI)
wise implementation of the announced in 2013 aims
The Ministry of Housing & Mission, harnessing scale to vigorously expand and
Urban Affairs (MoHUA), and technology. This pace meet the infrastructure and
Govt. of India has also and scale would be one of the development requirements
taken several measures for best examples in the world in of China and the partner
housing industry such as terms of any public program countries. It incorporates
Real Estate (Regulation and in general and social housing and strategizes road and
Development) Act, 2016 in particular. sea trade routes for global
(RERA), geo-tagging of infrastructural development.
PMAY houses, discussions of The complex and challenging It lays emphasis on unity
utilizing vacant government issues, however, pertaining and understanding between
to redevelopment of slums
lands, the Global Housing and unplanned settlement variegated cultures. The BRI
Construction Technology (e.g., land, community promises to open horizons for
Challenge (GHTC), Model mobilization, private China to export urbanization
while also enhancing the
Tenancy Act 2020, etc. For participation, gestation quality of life of the people.
the urban poor and homeless period, project finances,
there has also been schemes identification of beneficiaries) The Chinese government
such as Deendayal Antyodaya requires thrust from all envisioned the attainment
Yojana National Urban the stakeholders. For this, of a ‘comfortable society by
Livelihood Mission (DAY- the active role of state 2020’. It includes the most
NULM). Recognizing the government and urban important component of
importance of rental housing, local bodies as well as shelter for all residents. It
the government launched the communities is of paramount makes it contingent upon
the municipal governments
Affordable Rental Housing importance, learning from in assisting low-income
Complexes (ARHCs) for the best practices and bad households in acquiring a
Migrants Workers/ Urban experiences. reasonable quality house,
Poor scheme in 2020. irrespective of their financial
China
Overall, the housing sanction Similarly, in China, several standings. Further, it defines
under PMAY (Urban) stood steps have been taken by the controls and regulations to
at around 11.5 million as of government to ensure housing ensure affordable housing,
March 2022, total housing security for its citizens. For including controlled
demand being 11.2 million. instance, the Housing Policy investment returns and
The resources have been of 2007, 2009, 2013, and 2016 construction standards and
also raised from Extra loans to developers from a
Budgetary Resources (EBR) aimed to restrict housing special housing provident
such as Central Road and stock demand and borrowing fund. For the urban poor, rent
Infrastructure Fund (CRIF). using tightening measures. subsidy based on standards
The target was to combat and household income and
Overall, the houses rising residential prices. The direct provision of public
sanctioned since 2015-2022 same was linked to the Hukou housing for a rent determined
demonstrate unprecedented system and undertaken for a as a proportion of dispensable
exponential growth as well short-term. income.
April 2022 Volume 23 No. 1 - SHELTER 11
