The draft development plan 2034 predicts that the total population of the city will grow by 16 lakh over next two decades and an essential need for four lakh houses to accommodate the rapid increase. According to the draft development document, “ There will no enough space left for the affordable accommodations as the rates of the real estate sector are expected to remain very high.”
There will be very scope for affordable housing in the draft development plan and it will be very difficult for salaried common man or low income buyers to buy the luxury homes in the city. DP planners expect that the population will be nearly 1.4 crore by 2034 year. It has been observed that a family of four members can live under a roof and they have calculated that there is the need of 4 lakhs houses for them to live.
It is sure that the rising population is looking for the luxurious accommodations, it has been predicted by the realty experts & researchers that there is the requirement of 4 lakhs by 2034 year but the rates of the houses may not fall.
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