Maharashtra, India's wealthiest and most urbanised state, needs more than $200 billion in fresh investment by 2022 if it is to solve a chronic shortage of affordable housing in its fast-growing cities, a report by consultants KPMG found.
India's urban population is set to roughly double by 2050, and that means finding jobs and inexpensive city homes has become a major headache for the country's politicians.
According to the 2011 census, Maharashtra already has India's highest urban population, most of it concentrated in five cities including Greater Mumbai, which is home to 23 million and one of the most densely populated cities on earth.
Maharashtra, India's richest state, needs over $200 billion to house its poorest - IBNLive
India's urban population is set to roughly double by 2050, and that means finding jobs and inexpensive city homes has become a major headache for the country's politicians.
According to the 2011 census, Maharashtra already has India's highest urban population, most of it concentrated in five cities including Greater Mumbai, which is home to 23 million and one of the most densely populated cities on earth.
Maharashtra, India's richest state, needs over $200 billion to house its poorest - IBNLive
