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Housing Markets and Housing Policies in India

Author

Listed:
  • Tiwari, Piyush

    (Asian Development Bank Institute)

  • Rao, Jyoti

    (Asian Development Bank Institute)

Abstract

Issues of housing in India are synonymous with ignorance of housing in active government involvement at the policy and program formulation levels. They are also due to the problems that unplanned urbanization, income disparity, poverty, illiteracy, and unemployment brought. These issues extenuated the housing problem, causing a housing shortage of 51 million in 2011. Though India has a long history of establishing policies, programs, and institutions to cater to housing, without allocating adequate resources, their impact in ameliorating the shortage has been marginal. This paper argues that to address the housing shortage in India, there is desperate need to prepare a framework for housing by (i) including housing as a constitutional right; (ii) resolving issues of unclear land titles and ensuing claims; (iii) building adequate financial resources for affordable housing programs; (iv) building responsive instruments to facilitate the affordability of housing by all income segments; and (v) overcoming market segmentation, which is currently catering to the housing needs of creditworthy clients and is overlooking the growing demand from middle- and lower-income segments. India needs to leverage its extensive architecture of agencies, policies, and market frameworks for housing by equipping them with adequate resources so they can deliver housing for all.

Suggested Citation

  • Tiwari, Piyush & Rao, Jyoti, 2016. "Housing Markets and Housing Policies in India," ADBI Working Papers 565, Asian Development Bank Institute.
  • Handle: RePEc:ris:adbiwp:0565
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    References listed on IDEAS

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    1. Piyush Tiwari & Ranesh Nair & Pavan Ankinapalli & Jyoti Rao & Pritika Hingorani & Manisha Gulati, 2015. "Thinking Beyond," Palgrave Macmillan Books, in: India’s Reluctant Urbanization, chapter 8, pages 219-242, Palgrave Macmillan.
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    Cited by:

    1. Pritam Ghosh & Asraful Alam & Nilanjana Ghosal & Debodatta Saha, 2021. "A Geospatial Analysis of Temporary Housing Inequality among Socially Marginalized and Privileged Groups in India," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(3), pages 798-819, June.
    2. Vásquez-Vera, Hugo & Palència, Laia & Magna, Ingrid & Mena, Carlos & Neira, Jaime & Borrell, Carme, 2017. "The threat of home eviction and its effects on health through the equity lens: A systematic review," Social Science & Medicine, Elsevier, vol. 175(C), pages 199-208.
    3. Ismail Haque & Malay Kotal & Meera ML, 2022. "Demystifying the Challenges of Low-income Housing Delivery in Urban India: The Case of Delhi," Indian Council for Research on International Economic Relations (ICRIER) Working Paper 412, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
    4. Urmi Sengupta & Brendan Murtagh & Camila D’Ottaviano & Suzana Pasternak, 2018. "Between enabling and provider approach: Key shifts in the national housing policy in India and Brazil," Environment and Planning C, , vol. 36(5), pages 856-876, August.
    5. Killemsetty, Namesh & Johnson, Michael & Patel, Amit, 2022. "Understanding housing preferences of slum dwellers in India: A community-based operations research approach," European Journal of Operational Research, Elsevier, vol. 298(2), pages 699-713.
    6. Karmali,Nadeem M. & Guillermo J. Rodriguez Ruiz, 2022. "The Growth and Performance of Affordable Housing Finance Lenders in India," Policy Research Working Paper Series 10038, The World Bank.

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      More about this item

      Keywords

      India housing policy; affordable housing; land titling; housing shortages;
      All these keywords.

      JEL classification:

      • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
      • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
      • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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