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Podcast: In Focus by The Hindu
Episode: Has housing become prohibitively expensive in Indian cities?
Description: Roti, kapda aur makaan (roti, clothes, and housing) has been a political promise for generations. Now, with housing becoming increasingly expensive, makaan has been taken out of the equation in urban India. In Patna, for instance, buying a 2 BHK (bedroom, hall, kitchen) costs over ₹1 crore. This is the case in other rapidly urbanising cities as well. In metropolises, it is twice the amount, making owning a house out of reach for most Indians. According to the World Bank, per capita income is ₹2,42,487.70 (2024). This does not reflect income inequality among individuals and across States, which is extremely wide in India. Has hous...