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India

A priority country, Reall has been operating in India since 1992 and undertaking a more commercial approach in the region since 2000.

In 2012, the Indian government estimated a housing shortage of more than 19 million homes, of which 95% were in the low-income category. Further to this, the country’s total urban housing shortage is projected to be about 30 million by 2022. This escalating gap between demand and supply in the affordable housing segment forces people to live in slums and informal settlements.

SPARC Samudaya Nirman Sahayak (SSNS) is Reall’s longest-standing housing partner, with collaboration dating back to 2002, and resulting in the completion of almost 7,000 homes. SSNS is a not-for-profit company set up in 1998 as the construction arm of NGO, SPARC. Reall has provided funds to enable SSNS to utilise various government schemes to subsidise housing projects or recoup costs from the sale of Transferable Development Rights. A key aim of this work is to demonstrate to other developers that affordable housing projects can be commercially viable.

Syntellect, a technology platform focused on improving access to finance for low-income groups, and Jaanadhar, a commercial low-income housing developer, were welcomed as new Reall partners in 2019. This will drive forward Reall’s work on unlocking housing finance for low-income households and scale our housing delivery, providing further evidence of the commercial viability of affordable housing with which to influence investors and other stakeholders.

People Housed 33,493
Jobs Created 33,110
People with Improved Water 33,493
People with Improved Sanitation 717,493
Women and Children Housed 20,096
Number of Projects 22
Avg. Basic Home Completion Cost (Last 5 Years) $ 17,674
Total Invested $ 8,993,870

Delivery of Homes

Houses

Basic Homes
7575
Total Expected
6331
Complete
1244
In Progress
self build homes
282
Total Expected
282
Complete
In Progress

Other Products

improvement loans
73
Total Expected
63
Complete
10
In Progress

Client Data

Household Demographic Data
Household Size
5.06
Proportion Female
50.0
Proportion Children
20.0
Proportion Elderly
20.0

India Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
INR 673,134,612
$ 8,993,870
Loans
INR 356,189,085
$ 4,759,105
Grants
INR 316,945,527
$ 4,234,765

Of INR 673,134,612 total investments, INR 93,165,000 was recycled funds from previous project payments

Of $8,993,870 total investments, $1,244,794 was recycled funds from previous project payments

Based on exchange rate on 31/10/2021

Funds Lent by Partners to Households
Funds Lent by Partners to Households
INR 4,515,000
$ 60,326
Funds Repaid by Households to Partner (to date)
Funds Repaid by Households to Partner (to date)
INR 4,088,155
$ 54,623
Funds Recouped from Third Parties
Funds Recouped from Third Parties
INR 1,831,395,249
$ 24,469,595

Market Shaping Indicators: Key Indicators

Displayed In

1. Land & infrastructure

% of urban bottom 40 households without access to basic sanitation services

0.2

Bottom 40 See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2012 DHS 96.5%
Ghana 2014 DHS 93.15%
Kenya 2014 DHS 88.25%
Morocco 2004 DHS 52.05%
Mozambique 2011 DHS 95.6%
Nigeria 2018 DHS 83.1%
Tanzania 2017 DHS 37%
Uganda 2016 DHS 94.5%
Rwanda 2016 National Institute of Statistics Rwanda (NISR) 13.13%
Pakistan 2018 The DHS Program 2.75%
India 2018 NSSO 76th Round 0.2%

2. Construction & Investment

% of national population living in slums, informal settlements, or inadequate dwellings

35

National See all MSI countries
Country Year Data Source Value
Cote d'Ivoire N/A
Ghana N/A
Kenya N/A
Morocco N/A
Mozambique N/A
Nigeria N/A
Tanzania N/A
Uganda N/A
Rwanda 2018 World Bank 42.1%
Pakistan N/A
India 2018 NSSO 76th Round 35%

3. Sales & Rental

Number of residential mortgages outstanding

9,817,180

National See all MSI countries
Country Year Data Source Value
Kenya 2019 Central Bank of Kenya 27,993
Nigeria 2019 NMRC 32,260
Tanzania 2019 Bank of Tanzania and Tanzania Mortgage Refinance Company Limited 5,460
Rwanda 2020 National Bank of Rwanda (NBR) 44,177
Pakistan 2019 State Bank of Pakistan - Housing Finance Data Review 58,620
India 2020 Reserve Bank of India 9,817,180

3. Sales & Rental

Price of the cheapest, newly built dwelling by a formal developer or contractor

160,000 IN₹$2,176.87

Urban See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2018 Site d'annonce et promotion dans l'immobilier en Côte d'Ivoire 15,500,000 CFA$27,087.48
Ghana 2019 Damax Construction Co. Ltd 108,704 GH₵$19,621.66
Kenya 2019 Tsavo Real Estate 4,000,000 Ksh$37,037.04
Morocco 2019 Various real estate websites 250,000 DH$27,027.03
Mozambique 2016 Casa Minha 3,418,491 MZ$48,147.76
Nigeria 2019 Millard Fuller Foundation; Shelter Origins 2,900,000 NGN$7,651.72
Tanzania 2018 CAHF 37,966,107 TZS$16,508.58
Uganda 2019 Various property developers 125,000,000 UGX$34,097.11
Rwanda 2020 Marchal Real Estate Developers 10,000,000 R₣$11,119.14
Pakistan 2021 Partners 2,500,000 PKR$14,305.33
India 2022 Real estate websites and industry experts 160,000 IN₹$2,176.87

3. Sales & Rental

% of national households that rent their dwelling

13

National See all MSI countries
Country Year Data Source Value
Ghana 2017 Ghana Statistical Service 28%
Kenya 2019 Central Bank of Kenya, Kenya National Bureau of Statistics, FSD Kenya 35.01%
Morocco 2014 High Commission for Planning; World Bank 18.5%
Nigeria 2018 World Bank; Nigeria National Bureau of Statistics 21.8%
Tanzania 2017 National Bureau of Statistics 80.56%
Uganda 2016 DHS 53.45%
Rwanda 2020 Access to Finance Rwanda (AFR) and National Institute of Statistics Rwanda (NISR) 8.94%
Pakistan 2017 Population and Housing Census 11.53%
India 2018 NSSO 76th Round 13%

5.Enabling Environment

Ease of Doing Business Index Rank: Global

63 out of 190

National See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2020 World Bank 110
Ghana 2020 World Bank 118
Kenya 2019 World Bank Ease of Doing Business 61
Morocco 2020 World Bank 53
Mozambique 2019 World Bank 74
Nigeria 2020 World Bank 131
Tanzania 2020 World Bank 141
Uganda 2020 World Bank 116
Rwanda 2020 World Bank Ease of Doing Business Indicators 38 out of 190
Pakistan 2020 World Bank Doing Business Indicator 108 out of 190
India 2020 World Bank 63 out of 190

6. Economic Environment

GDP Per Capita

151,760 IN₹$2,064.76

National See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2018 World Bank 1,024,171 CFA$1,789.82
Ghana 2019 World Bank 11,489 GH₵$2,073.83
Kenya 2018 World Bank 173,272 Ksh$1,604.37
Morocco 2018 World Bank 30,725 DH$3,321.62
Mozambique 2018 World Bank 30,772 MZ$433.41
Nigeria 2018 World Bank 659,159 NGN$1,739.21
Tanzania 2018 National Bureau of Statistics; World Bank 2,297,020 TZS$998.80
Uganda 2018 World Bank 2,357,327 UGX$643.02
Rwanda 2019 World Bank 737,578.59 R₣$820.12
Pakistan 2020 World Bank National Accounts Data 188,900 PKR$1,080.91
India 2020 Ministry of Statistics and Program Implementation 151,760 IN₹$2,064.76

7. Demand

Population Size

1,361,343,000

National See all MSI countries
Country Year Data Source Value
Cote d'Ivoire 2017 World Bank 24,437,469
Ghana 2019 World Bank 30,417,856
Kenya 2017 World Bank 50,221,473
Morocco 2017 World Bank 36,471,769
Mozambique 2018 World Bank 29,495,962
Nigeria 2017 World Bank 190,873,311
Tanzania 2019 World Bank 58,005,463
Uganda 2017 World Bank 41,487,000
Rwanda 2019 World Bank 12,626,950
Pakistan 2020 World Bank National Accounts Data 220,892,331
India 2021 Minsitry of Health and Family Welfare 1,361,343,000

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Data last updated on 30/06/2022