Enhancement & Redevelopment of Formal Sub-standard Units

Housing is a private good in general, but for those who are not catered to by the market, the state must step in and supply it as a public good. Because of its limited resources and inability to satisfy everyone's housing needs/demands, the state must shift from being a provider to being a market enabler, employing a range of enabling and provisional methods. According to the survey conducted in Rajkot, 32.4% of households with an annual income below 3.5 lakhs are not served by the formal housing market. The entire basket of sub-strategies has been attempting to achieve this upward movement, starting with the lowest strata, i.e. the homeless to the higher income group of the income pyramid. Analyzed the specific issues for enhancement and redevelopment of formal substandard, as well as current policies that address the problem, formulated effective proposals for the issues addressed, and demonstrated the proposal with a practical and feasible method for Regulatory and Financial Support for Formal Substandard. Individuals with property rights below the affordability limit who live in old, outdated, and congested housing would benefit from this by implementing proposals after reforming existing policies according to priority.