Open AccessExamination of Affordable Housing Policies in India
Author(s) -
Anindo Sarkar,
Udayan Dhavalikar,
Vikram Mohanlal Agrawal,
Sebastian Morris
Publication year - 2016
Publication title -
business and management horizons
Language(s) - English
Resource type - Journals
ISSN - 2326-0297
DOI - 10.5296/bmh.v4i1.9508
Subject(s) - affordable housing , exploit , government (linguistics) , economic interventionism , state (computer science) , intervention (counseling) , value (mathematics) , business , population , land value , public economics , market failure , economic growth , economics , political science , natural resource economics , politics , computer security , microeconomics , sociology , psychology , linguistics , philosophy , demography , algorithm , machine learning , psychiatry , computer science , law
In this paper we critique the Government of India’s programmes for affordable housing in India, namely the Rajiv Awas Yojana and Housing for All 2022. We analyse the efficacy of these policies in being able to provide the sections of the population who are unable to avail housing from the formal market, both through direct support and most importantly in addressing the many distortions that have made the housing unnecessarily expensive, while taking away much of the value to consumers. We argue that while these programmes and policies are a major advancement over the previous approaches, they do not fully exploit the potential that is there in an increased FSI, appropriate exploitation of locational value, judicious use of government land, reform of titles and squatter rights, and more efficient land use regulations. They are also constrained by an inability to distinguish between what the markets can be coaxed to deliver and where state intervention becomes necessary.