Evaluation and Design Optimum PPP Model for Implementation of Affordable Housing
N.S.R.K. Prasad Kethineni1, A. Aravindan2
1N.S.R.K. Prasad Kethineni, PG Student, Department of Civil Engineering, Koneru Lakshmaiah Education Foundation, Vaddeswaram, Guntur (Andhra Pradesh), India.
2Dr. A. Aravindan, Professor, Department of Civil Engineering, Koneru Lakshmaiah Education Foundation, Vaddeswaram, Guntur (Andhra Pradesh), India.
Manuscript received on 30 April 2019 | Revised Manuscript received on 14 May 2019 | Manuscript Published on 28 May 2019 | PP: 163-168 | Volume-7 Issue-6C2 April 2019 | Retrieval Number: F10300476C219/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Since 2015 India’s urban population is growing at an average of 2.1% every year, but housing growth has been unable to keep pace, due to the government sluggish pace its leads to 10 million housing shortage. Now to overcome this tangible challenge government of India is striving hard for investing on affordable housing constructions to Economic weaker section (EWS) and Lower income group (LIG) in order to achieve housing for all by 2022. Considering the government limitations in financing, the government of India introduced the PPP model to share risk with public authority in housing construction. This paper aims to provide optimum PPP model design for the implementation of affordable housing. This research paper is an explorative study to understand the challenges and possible models in affordable housing and comparative analysis across all Public-private partnership models. This model makes an appropriate allocation of risks, responsibilities, rewards, and penances, and create the incentives for value creation.
Keywords: Affordable Housing, Economic Weaker Section (EWS), Lower Income Group (LIG), Public-Private Partnership.
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