Magnitude of the opportunity : Near Trillion US $
MarketMultiplier Effects:National incomeCapital formationJobsHuman
dignityHealth quality of life
Enabling Environment conducive to flow of Organized Private
Sector RoleLand policyRent control & efficient dispute
resolutionSolution centric flexibility at micro level while
following National Building Code & other provisions at macro
level FSI Construction technology PPP, consortia formation
CountryPercentage of totalHousing stockPercentage of
socialHousing stock bySocialRentalPrivate RentalPure
PublicSectorHousing Assoc.Limited
profit/Non-profit)UK20105446USA3293169Canada6283466Germany65118SomeRepublic
of Korea935Some..
Land use study
Myth of land scarcityAugmenting land supply for housingCarrot
and stick approach for land penalty for land holding and
speculation to all segments including industrial, educational,
charitable etc.
Biggest obstacle to rental housing so far.Easy to overcome
constraints by simple exemptions as given by Govt. of
Gujarat.(a)Any premises constructed on or after the commencement of
the Bombay Rents, Hotel and Lodging House Rents Control (Gujarat
Second Amendment) Act 2001(Gujarat 27 of 2001) (Hereinafter
referred to as the amendment Act).(b)Any existing premises which is
self-occupied by the owner or vacant on or after commencement of
the amending Act, and is let after such commencement.Easy to do
away with it for all prospective transactions all over the
country.
Time to unfreezeMeeting codal provisions with engineering
advancements and economic feasibilitiesLearn from past practices in
India (like FSI of around 4 in Mumbai or substantial freedom in
Hyderabad).Learn from best practices in other parts of the
world.
Use technology for setting up E-Courts for:Registration of
contractsVirtual hearings by way of Skype or Video
ConferencingDelivery of judgments by way of internetLook at
learnings from SARFAESI Act working effectively for housing finance
sector.
House insuranceCredible playersLawyersProfessionally qualified
property agentsProfessionally qualified property managers
Several options while meeting technical and economic
specificationsGiving flexibility to land owners to monetize their
holdings so as to balance demand and supply. Look at different
formats like:HostelsService apartmentsPrefab housesHomes that can
be rented by hours, days, months or years.
Flexibility in building designs and constructionFlexibility in
Rent Acts to balance interest as in case of automobilesTax
equalization on owned or rented premisesTax free bonds like Vikas
PatraDelivery of subsidy through Aadhar in cash while keeping
LIG.
Open minded and out of box approachesConversion of land into
demand and need based housing solutionsBoldness in thinking and
action
