Many of the home-buyers face several challenges while purchasing houses. Due to favorable monetary conditions leading to favorable income, there is a push in the real estate prices. On one hand, while the spiraling real estate prices decline, the buyers adopt more cautious note; while on the other hand, affordable housing allows people in the lower segment of the financial population to build houses. Many countries have defined affordable housing as a means to invite the persons from the BPL segment, slum-dwellers, beggars, low cost house dwellers, and to look into the present policies. This report allows us to understand and answer the basic need of a person as a shelter, which has been a dream for many countries. In the United States and Canada, a commonly accepted guideline for affordable housing is that the cost of housing should not be more than 30 percent of a household’s gross income. Housing costs here include taxes and insurance for owners, and utility costs. If the monthly carrying costs of a home exceed 30–35 percent of household income, the housing is considered non-affordable for that household. Defining affordable housing in India is a difficult task given that at every square kilometer of the country, the dynamics of the market are different.
The report on affordable housing can be a guideline to the work that every Government and international institutions like World Bank, IMF, ADB or UNDP can do. It has policy guidelines to the work that these institutions can follow. It is exhaustive and inclusive of all the possibilities in the future. A special case study on Brazil, Nigeria and the materials used can be found in this report.