International Journal of Multidisciplinary Research and Growth Evaluation www.allmultidisciplinaryjournal.com 99 International Journal of Multidisciplinary Research and Growth Evaluation ISSN: 2582-7138 Received: 28-09-2021; Accepted: 15-10-2021 www.allmultidisciplinaryjournal.com Volume 2; Issue 6; November-December 2021; Page No. 99-102 An analysis on the housing estate in India in reference to the rising urban slums and what is the current role of the economy sector to provide housing to all Dr. Sumanta Bhattacharya 1 , Bhavneet Kaur Sachdev 2 1 Research Scholar, Maulana Abul Kalam Azad University of Technology, Kolkata, West Bengal, India 2 Department of Political Science, Calcutta University, Kolkata, West Bengal, India Corresponding Author: Dr. Sumanta Bhattacharya DOI: https://doi.org/10.54660/anfo.2021.2.6.4 Abstract 12 to 13% of the GDP is spent on housing which incorporate gross rent, utilizes and owners imputed rent. Housing is important for all, India is a developing economy, housing price and affordable varies from city to city and also depending upon the population of the state, for better income and education facilitates people shift to the metropolitan cities or smart cities. Delhi, Mumbai, Chennai, Surat, Bangalore are facing a rise in population, where people are facing housing problems, in India people either have their own homes or they live in rented house, 65,000 million population live in the slums area in rural India due to heavy storm or cyclone the kaccha houses flow away. 1 % of the village have paccha houses which is part of smart villages. The government has launched many schemes for providing housing loans and construction of loans, however with the growing population, we require more space for housing, the smart city mission is one of the ways to provide housing for all. We need to adopt smart technology, smart living and smart housing which will provide maximum benefit at a limited cost. Keywords: Housing, economy, GDP, Technology, Metropolitan cities, smart living, smart housing, smart technology Introduction Housing price has an effect on our income, the way we spend and on what. Increase in housing prices makes it difficult for people to find a property ladder, the rise in price badly affects the middle class and lower class families of any society. Majority of the rich people and upper middle class people have their own house, some live on rent houses and many of them don’t have a home, they live in footpaths or form a small camp and like. Housing policies can also shape where people would choose to live, work and go further with their education. The cost also depends on the location of the house, the nearby facilitates and design of the building and homes, If a building is built near in a posh location, the cost of living with also be high, even take it in an IT region. People might choose a house also taking into consideration the community and how close or far it is from their office and college. College going students who shift to a different state or country for their higher education, they usually live in rent homes. Whereas people who shift to a other state or country purchase a home for itself. Every country has its different ways of living and building homes. Today, due to climate change we see construction of green building, earthquake prone buildings. If we take about the housing system of India, the rate varies from state to another and one city to another, for instance Mumbai is the most expensive city in India, it is the financial capital of India along with know as the city of dreams, it is the city of actors, business. People in Mumbai live in flat, those flat are highly expensive, you find limited number of Bungalows. These building are very high, Navi Mumbai which is more developed has huge building, the flat range in crores, Moreover people prefer to live in flats, it’s their lifestyle, while in Mumbai 52% of the population live in the slum region because of the high cost of flats, and the population is really, most of the middle class people and lower class people live in rent homes. The rent is also not less for per square room. Bangalore which is the second most expensive city and as per 2021 it has been regarded as the best city to live in due to its hi-Tech development, along with sustainable living. Chandigarh, which is also very expensive, here majority of the people are very rich, you hardly find poor people, Chandigarh is also the first planned city, over their people live in their our homes, everyone has their individual homes, they are not rented, with their own garden and other facilitates. The city is rich, above all it’s a very clean city, pollution free.