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Kerala's Vacant Houses: Exploring Sustainable Finance Solutions and the Role of SDGs in Housing Investment.

Authors :
Issac, Diana Ann
Source :
Library of Progress-Library Science, Information Technology & Computer; Jul-Dec2024, Vol. 44 Issue 3, p18304-18319, 16p
Publication Year :
2024

Abstract

Kerala faces a paradox in sustainable housing finance and investment. The increasing number of vacant homes, due to youth migration abroad, presents significant environmental, economic, and social challenges. These properties, once heritage symbols, now lead to resource wastage, energy inefficiency, inflated real estate prices, and weakened community bonds. Simultaneously, there is a demand for housing, especially for young professionals moving from rural areas for job opportunities. To address these issues, this article delves into UN-aligned sustainable development goal-related sustainable finance and investment alternatives. The study will analyze Kerala's vacant housing crisis and the potential of sustainable finance to mitigate this issue, demonstrating how housing investments aligned with SDGs can drive economic growth, reduce inequalities, and support environmental sustainability. It will propose policy recommendations for the government, financial institutions, and real estate developers to encourage community-centered housing solutions that prioritize long-term sustainability and social well-being. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09701052
Volume :
44
Issue :
3
Database :
Complementary Index
Journal :
Library of Progress-Library Science, Information Technology & Computer
Publication Type :
Academic Journal
Accession number :
180918868