Challenges
1. Rising Costs and Affordability:
Construction Costs:
The cost of building materials and labor has been increasing,
making it harder to keep housing prices down.
Land Prices:
Land scarcity and high land values, especially in urban
areas, drive up housing costs.
Financing Challenges:
Many potential homebuyers, especially those in lower-income
groups, struggle to secure affordable loans or face high
interest rates.
Shrinking Living Spaces:
The increasing cost of land and construction is leading
to smaller living spaces, making it difficult for families
to find adequate housing.
2. Land Acquisition and Availability:
Land Scarcity:
Urban areas face a shortage of available land for housing
development, further exacerbating the problem of affordability.
Land Use Regulations:
Complex and lengthy land use regulations can slow down
development and increase costs.
Regulatory Hurdles:
Obtaining necessary permits and approvals can be time-consuming
and costly, further delaying projects.
3. Demand and Supply Imbalance:
Gap between Demand and Supply:
The demand for housing, especially in urban areas, far
outstrips the supply, leading to a shortage of affordable
housing.
Focus on Luxury Housing:
Developers often prioritize luxury housing projects, leaving
the affordable segment underserved.
Impact on Sales Numbers:
The shrinking share of affordable housing in the market
has a direct impact on overall sales numbers.
4. Other Challenges:
Lack of Infrastructure:
Inadequate infrastructure, such as transportation, water,
and sanitation, can further strain the housing market.
Informal Settlements:
The lack of affordable housing options leads to the growth
of informal settlements and slums.
Social Issues:
Housing affordability and availability have a significant
impact on social equity and can exacerbate inequalities.
Challenges
can be legal or methodical.
It is important that nothing that the NGO or corporate
or funding agency or philanthropist or celebrity does
to address the challenges is illegal.
Its not like a medical surgery where after operation of
10 minutes or 10 hours, the patient is ok physically.
Of course, it may affect the patient in some medical surgeries
but problem gets solved. It takes time (maybe years) to
address challenges and still the problem continues. Like
removing poverty is simple by word but in the last 2025
years, world is not without poor. And now mental poverty
is big (greed is one of the major the disease) in the
middle or upper middle or rich people in the world.
We
will share the challenges on each social issue and its
notour experience in all cases. So we will share the challenges
and below that share the name of the organisation
(for profit or not for profit) with link to the official
website of the organisation. Or we may share the general
challenges the issue faces. |