Problem of Real Estate in India
Massive housing backlogs remain to be a significant problem in the region especially since the process of reconstruction and development in the housing sector are severely limited. What seems to be the housing problem ten years ago is the same housing problem that is faced by the government and the reasons are mostly due to very low rates of formal housing provision. It is estimated in 1995 that there was an approximately 1.5 million units of urban housing backlog. Consequences of backlog are physically evident on overcrowding, squatter settlements and increasing land invasion in poor areas. Such backlog contributes to social and political dilemma of high levels of criminality.
Property market in India is thriving where there is a well-developed, extensive and is offering unique investment options for the Indian people who desire to acquire a property for personal use or investment. As there is increase in the population, there is a sharp demand for houses, for instance. There is a housing boom in India and the profitability of housing is drawing many developers into a construction boom. While the housing and construction industries are booming, prices are escalating as well. House prices soar anew in the first quarter of 2010. The problem with housing programme in the country is the prices. Prices of houses escalate because operation is concentrated on the few people hence there is a monopoly like in the building components.
One of the most disturbing consequences that the housing backlog in India creates is the sex-related crimes. Due to housing backlog, parents are forced to leave their children particularly their daughters regardless of age to the house of relatives where they can for a certain period. However, because of unnecessary instances, these children particularly the females are molested and raped. As they are being exposed to these sex pests, who could be the relatives, friends of relatives or neighbors, the social, academic, behavioral and emotional development of the victims are affected. Having said this, it would be plausible to explore how housing backlog affects proper parenthood.
Housing estate are those group of buildings built together as a single development, tending to be uniformed in style and appearance. The purpose of this built environment is for mono-tenure and provision of social housing. Housing estates in India materialized after the Second World War for the purpose of accommodating families, individuals and groups affected. Though such mass, system-built, production of housing managed to provide adequate quantity of housing, the challenge now is in the quality of life within them. There are many housing estates that are now vulnerable to crime, and mostly have something to do with the design and construction of the facility. Today, housing estates became, and continuing to be, notorious hot spots for crimes.
Housing estates are geographical pockets where repeat victimization in one or a number of crime types is high. ‘Repeat victimization occurs when the same person or place suffers from more than one incident over a specified period of time’, as Home Office described it. Repeat victimization is predictable, rapid and highest in high crime areas. The predictability of repeat victimization highlights that the risk for victimization increases the more a person or place has been victimized once, and these victimizations might occur more rapidly than expected. Further, high crime areas such as housing estates have high crime rates not because more people are victimized but people the same people are victimized over time.
Other than this, the predictability of the ever-growing population that gradually putting the quality of life at greater jeopardy has serious consequences on our environment. Housing and space consumption, and the eventual shortage, are the two most confounding focus areas. Drawing away from household formation, the main point deals with the capacity of the physical environment to support the growing number and how they would likely to affect each other. Questions of endowments are critical and the subsequent “economic and social stagnation”. Worsening of the already worsened environment conditions would be the result implicating public health, food supply, fresh water, biodiversity and ecosystems as well as global warming and climate change.
Credit:ivythesis.typepad.com
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