Urbanization In India

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India had an urban population of 377.10 million in 2011. The urban population grew at a CAGR of 2.8%, resulting in increasing in the level of urbanization of 27.81% to 31.16%. By 2031, the urban population in India is projected to reach 600 million. As per the report of the Committee on Slums Statistics and Census chaired by Dr. Pranab Sen, the slum population in the country is 93 million in 2011. More than 65% of the urban population lives in big towns and cities, having more than one lakh population and ten cities including Hyderabad are identified as most densely populated cities in the country and their average density based on 1991 census is 6888 per Square Kilometer. The country’s urban population has grown at a compound annual growth…show more content…
This compares to an official urban share of the population of just over 31% suggesting the existence of considerable hidden urbanisation. Messy urbanisation is reflected in the widespread existence of slums and sprawl. Sprawl helps to give rise to hidden urbanisation, particularly on the peripheries of major cities, which is not captured by official statistics. Messy and hidden urbanisation is symptomatic of the failure to adequately address congestion constraints that arise from the pressure of urban populations on infrastructure, basic services, land, housing and the environment. According to RBI the cost of a house now could be INR 6.5 million and INR 5 million in the metros and non-metros, respectively, to be qualified as affordable housing. Thus, providing housing to all and particularly affordable housing to the economically weaker sections is the major…show more content…
The Government of India has framed the draft Rules and also draft agreement for sale. The said agreement provides that the total price for the apartment or plot based on carpet area shall be mentioned. The rate of apartment per square feet should disclose the cost of apartment, common areas, preferential location charges, taxes, etc. The total price includes taxes (consisting of tax paid or payable by the promoter by the way of value added tax, service tax, and cess or any other similar taxes which may be levied, in connection with the construction of the project payable by the promoter) up to the date of handing over the possession of the apartment/ plot, provided that in case there is any change/ modification of the taxes, the subsequent amount payable by the allottee to the promoter shall be increased/ reduced basing on such change/ modification. In addition the promoter shall provide to the allottee the details of taxes paid or demanded along with the Act/ Rules/ Notifications together with dates from which such taxes/ levies, etc. have been imposed or became effective. The total price is escalation-free, save and except increases which the allottee hereby agrees to pay, due to increase on account of development charges payable to the competent authority and/ or any other increase in charges which may be levied or imposed by the competent authority from time to time. The

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