At the same time as most of the parameters for affordable housing consider area, cost and affordability of the inhabitant, the main ideas of making affordable residential project work through suitable amenities and good location remain unanswered. Per our consideration, affordable residential project has to be defined on the basis of four criteria.
- Minimum volume of habitation
- EWS – 250 sq. ft. carpet area
- LIG – 300 - 600 sq. ft. carpet area
- MIG – 600 - 1200 sq. ft. carpet area
- Provision of basic amenities
- Sanitation, round the clock water supply and power.
- provision of community spaces and amenities such as parks, schools and medical facilities, either within the project or in the neighborhood, depending upon the size and location of the housing project
- Cost of the house
- EMI does not exceed 30–40% of gross monthly income of the buyer
- Reasonable maintenance costs
- Location of the House
- Located within 20 km of a major workplace hub (could be suburban hubs as well) in the city.
- Adequately connected to major public transit hubs.
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