India's richest state needs over $200 bln to house its poorest

April 22, 2015 12:00 PM

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MUMBAI, April 22 (Reuters) - Maharahstra, India's wealthiest and most urbanised state, needs more than $200 billion in fresh investment by 2022 if it is to solve a chronic shortage of affordable housing in its fast-growing cities, a report by consultants KPMG found.

India's urban population is set to roughly double by 2050, and that means finding jobs and inexpensive city homes has become a major headache for the country's politicians.

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