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Podcast: In Focus by The Hindu
Episode: Why are house prices so high in India?
Description: Housing is a basic requirement for dignity of life. But affordable decent housing remains a distant dream for most Indians, especially in urban India. Close to 17% of all households in urban India live in slums, with this percentage shooting up to 41% in a city like Mumbai and 29% in Chennai.Over the years, the government has taken many initiatives to address this problem, with schemes such as Indira Awas Yojana, and the ongoing Pradhan Mantri Awas Yojana (PMAY), an interest subsidy scheme for lower and middle-income groups. But these subsidy schemes hardly seem to make...