Global Affordable Housing Market Size study & Forecast, by Sizes (Up to 400 Square Feet, 400-800 Square Feet, Above 800 Square Feet) by Locations (Non-metro, Metro), by Income Categories (EWS, MIG, LIG), by Providers (Private Builders, Government, Public-

Global Affordable Housing Market Size study & Forecast, by Sizes (Up to 400 Square Feet, 400-800 Square Feet, Above 800 Square Feet) by Locations (Non-metro, Metro), by Income Categories (EWS, MIG, LIG), by Providers (Private Builders, Government, Public-private Partnership) and Regional Analysis, 2022-2029

Global Affordable Housing Market is valued at approximately USD 52.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.9% over the forecast period 2022-2029. Affordable housing is defined as housing that is inherently affordable for individuals whose income is lower than or equal to the national average for all households. In India, Developments that use at least 60% of the FAR/FSI for dwelling units with carpet areas no more than 60 sq m will be deemed affordable housing projects. a booming industrial and service sector, rapid urbanization, Growing employment rates, significant government backing, emerging economies and a rising working population are all factors in the rise of the affordable housing market.

Around 3.32 billion individuals were employed globally in 2022 compared to 2.28 billion in 1991, an increase of about 1.04 billion persons. Additionally, before 2007, the proportion of the world's population living in urban regions was always lower than that in rural areas, but by 2021, the rate of urbanization had climbed to about 56%, and by 2050, it is predicted that two-thirds of the world's population will reside in urban areas. The demand for affordable housing is being driven by the concentration of the majority of the world's population in emerging economies such as Brazil, China, India, and Eastern European countries. All these elements are fueling this market's expansion. The Indian government's initiative to provide housing for everyone by 2023 and increasing government investments in infrastructure is expected to create lucrative opportunities for market growth. However, the effect of Covid-19 on Affordable Housing stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Affordable Housing Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated themarket throughout the projection period, due to its quick industrialization and infrastructure development. Growing collaborations across Europe also suggest that the region's market for affordable housing is expected to grow with the highest CAGR during the forecast period. For instance, The SHAPE-EU project was initiated by Housing Europe and Single Market Programme of the European Union, Which assist the implementation of lighthouse refurbishment initiatives by Enterprises, public bodies, and affordable housing companies.

Major market player included in this report are:
Dominium Group Inc
Larsen & Toubro Ltd.
WorldHaus Construction Pvt. Ltd.
TATA Projects
Prestige Group
KEC International Limited
Jonathan Rose Companies LLC
LDG Development, LLC
The NRP Group
Pennrose Management Company Inc.
Recent Developments in the Market:
In 2022, The Indian Finance Minister has declared that the Credit Linked Interest Subsidy Scheme will also be extended until 31 March FY2023, amid the COVID-19 pandemic and lockdown situation.
Global Affordable Housing Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Sizes, Locations, Income Categories, Providers, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Sizes offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Sizes:
Up to 400 Square Feet
400-800 Square Feet
Above 800 Square Feet
By Locations:
Non-metro
Metro
By Income Categories:
EWS
MIG
LIG
By Providers:
Private Builders
Government
Public-private Partnership

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
Dominium Group Inc
Larsen & Toubro Ltd.
WorldHaus Construction Pvt. Ltd.
TATA Projects
Prestige Group
KEC International Limited
Jonathan Rose Companies LLC
LDG Development, LLC
The NRP Group
Pennrose Management Company Inc.

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