Affordable housing is basically defined as housing units that are affordable by a particular section of society whose income lies below the median household income. By median household income, we mean the amount that divides the distribution of income into two groups – where one half is the income above that breakeven level and the other half, which lies below it.
Sustainable Development Goals (SDGs) – also known as Global Goals, are the basic targets which are to be met for ensuring peace, prosperity as well as sustainability for all. There are a total of 17 goals, as mentioned below: -
a. No Poverty.
b. Zero Hunger.
c. Good health and well-being.
d. Quality Education.
e. Gender Equality.
f. Clean water and sanitation.
g. Affordable and clean energy.
h. Decent work and economic growth.
i. Industry, Innovation and Infrastructure.
j. Reduced Inequalities.
k. Sustainable Cities and Communities.
l. Responsible consumption and production.
m. Climate Action.
n. Life below water.
o. Life on Land.
p. Peace, Justice and strong Institutions.
q. Partnerships for the goals.
The world’s cities tend to occupy just 3% of the total available land on Earth, but it accounts for approximately 60 to 80% of the total energy consumption as well as 3/4th of all the carbon emissions. Rapid urbanization is pressurizing on the limited supplies of fresh water, sewage and public health. Our urban world is growing at a rapid rate but is experiencing high levels of congestion, a considerable lack of basic services, an acute shortage inadequate housing, and the declining infrastructure. More than one-third of the world’s urban population live in slums, which is a matter of great concern.
Cities are the driving engines for sustainable development. They are the hubs for ideas, commerce, science, culture and productivity. Urban spaces not only offer good opportunities for people to prosper socio-economically but also the decent job opportunities that one aspires for as well as the land resources that aren’t overwhelmed by growth. An unplanned expansion that is taking place where the cities tend to spill beyond their boundaries can have a detrimental effect to the development planning of our nation as well as on the sustainable development goals that ensure sustainable development. Our urban spaces are some of the major emitters of the harmful greenhouse gases and contribute greatly to climate change as almost half of the global urban population breathes the air that is approximately 2.5 times more polluted than the deemed acceptable standards set by the World Health Organization.
There is no doubt about the ambitious 2030 SDGs, but, to turn them into a reality we should think innovatively for providing the housing facilities and addressing the challenges that arrive with the factor of affordability.
We need encouragement for innovative and inclusive housing finance systems that include incentives for housing finance providers who give low-income groups and the alternative financial institutions money for low-cost housing. Promoting new approaches to collateralization, guarantee mechanisms and financial products that are adapted to gradual building processes.
The future of cities depends on better availability and accessibility to adequate housing to be provided for all. Placing affordable housing as the prime focus for national and local urban agendas can be instrumental in getting this goal and equality of opportunities in the urban development procedure.
Signature Global, led by strong management and highly-qualified Board-of-Directors team, it is poised for rapid growth. The team’s extraordinary experience and detailed industry insight allow the company to discover new opportunities and realize their true potential. Its projects are widely spread across the country - be it the corporate offices or residential buildings. Their projects cover the areas of Gurugram, Karnal and Ghaziabad. Some of their successfully completed projects include: -
4. The Serenas (Sector 36, South of Gurugram), and many more.
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