The housing market in urban India has traditionally focused on the top end, with the lower-income segment virtually unserved. Families struggle, living in rented rooms in slums or low-income neighborhoods that are characterized by poor construction, cramped spaces, deplorable sanitary conditions, and a lack of basic neighborhood amenities. Monitor Inclusive Markets (MIM, a division of the Monitor Group) has spent the last six years working with developers, housing finance companies, governments, and other stakeholders to “make the market” in low-income urban housing. In doing so, MIM has found on-the-ground data that demonstrates that there is a profitable, scalable business with internal rates of return (IRRs) comparable to premium housing. Progressive developers and entrepreneurs have built a quality product profitably while creating social impact. Learn more.
Submitted by Alexandria Wise — Mon, 06/11/2012 – 01:00
Yearlong research by Monitor Inclusive Markets in the slums and other low-income neighborhoods of Chennai, Delhi, Hyderabad, and Mumbai showed that the water quality was problematic and highly seasonal — over half of all samples did not meet government standards. In addition, residents found water difficult to access, with limited hours of availability and multiple days without supply. To respond to this dire situation, MIM has launched a project to examine this need for safe drinking water and to develop a financially sustainable, pay-per-use water plant solution that provides water in an affordable, accessible, and reliable manner. Learn more.
Submitted by Amy Lin — Mon, 05/14/2012 – 01:00