Today, 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050. Projections show that urbanization combined with the overall growth of the world’s population could add another 2.5 billion people to urban areas by 2050.
Living in these densely urbanized pockets is not just ridiculously expensive, but also substandard for average and low economic groups. Moreover, the cost of living increases so rapidly that being at the same pace with it becomes almost impossible for most households, resulting in an abysmal quality of life.
A possible solution can be to smartly increase the availability of livable spaces in the cities and structures that are already thriving with people.
CHALLENGE
