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Household Savings and Residential Mobility in Informal Settlements in Bhopal, India

Author

Listed:
  • Somik V. Lall

    (Development Research Group, The World Bank, MSN MC2-205, 1818 H Street, NW, Washington, DC 20433, USA, slall1@worldbank.org)

  • Ajay Suri

    (Society for Development Studies, Core 6A, 2nd Floor, India Habitat Centre, Lodhi Road, New Delhi-110003, India, ajaysuri@sdsindia.org)

  • Uwe Deichmann

    (Development Research Group, The World Bank, MSN MC2-205, 1818 H Street, NW, Washington, DC 20433, USA, udeichmann@worldbank.org)

Abstract

Strategies to address the problem of informal settlements have focused on slum upgrading, sites-and-services programmes and tenure security. There has been less attention on what enables slum-dwellers to transition into the formal housing sector without direct intervention. This paper investigates residential mobility among slum-dwellers in Bhopal, India. One in five households succeeds in leaving a slum settlement and a major determinant is the ability to save on a regular basis. Due to limited outreach of institutional housing finance, most slum-dwellers rely solely on household savings for purchasing a house. These findings underscore the urgent need to improve savings instruments for slum-dwellers and to downmarket housing finance to reach the poorest residents of rapidly growing cities in developing countries.

Suggested Citation

  • Somik V. Lall & Ajay Suri & Uwe Deichmann, 2006. "Household Savings and Residential Mobility in Informal Settlements in Bhopal, India," Urban Studies, Urban Studies Journal Limited, vol. 43(7), pages 1025-1039, June.
    • Handle: RePEc:sae:urbstu:v:43:y:2006:i:7:p:1025-1039
    DOI: 10.1080/00420980500406744
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    References listed on IDEAS

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    Cited by:

    1. Diana Mitlin, 2011. "Shelter Finance in the Age of Neo-liberalism," Urban Studies, Urban Studies Journal Limited, vol. 48(6), pages 1217-1233, May.
    2. Colin McFarlane, 2012. "The Entrepreneurial Slum: Civil Society, Mobility and the Co-production of Urban Development," Urban Studies, Urban Studies Journal Limited, vol. 49(13), pages 2795-2816, October.
    3. Mingxing Chen & Chao Ye, 2014. "Differences in Pattern and Driving Forces between Urban and Rural Settlements in the Coastal Region of Ningbo, China," Sustainability, MDPI, vol. 6(4), pages 1-20, April.

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