RELEVANCE OF ENCOURAGING AFFORDABLE HOUSING PROJECTS OF REAL ESTATE PLAYERS IN INDIA: A MACRO LEVEL STUDY
Keywords:
Affordable Housing, Linkages, Loan to GDP ratio, Employment, ICT, PPP
Abstract
Housing shortage is a major problem in India, urban housing shortage being more acute than the rural. In the current scenario, the Government of India is committed to the national goal of ‘Affordable Housing for All by 2022’. Given the immense potential of housing development for economic development of the nation because of its vast linkage effects on the one hand, and the urgency of attaining the national goal on housing development on the other hand, the Government of India has been actively promoting housing finance and housing development in the nation. The paper discusses the need for promotion of housing and real estate sector for the fast development of India and suggests suitable policies.
References
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CRISIL (2018), Retail Finance–Housing, Research report. Downloaded by the author using the subscription of Cochin University of Science and Technology. (www.crisilresearch.com).
Hrushikesh Mallick & Mantu Kumar Mahalik (2015) Factors determining regional housing prices: evidence from major cities in India, Journal of Property Research, 32:2,123-146,
ICRA (2010), Housing Finance Companies and the Indian mortgage market, ICRA Rating feature, ICRA, Feb.
IFMR (2007), Housing Microfinance: Designing a Product for the Rural Poor, Working Paper Series No.19, Chennai, November.
IFMR (2015), Affordable Housing Finance Sector – Overview, Industry Analysis Report, IFMR Investments, Chennai.
India Brand Equity Foundation (IBEF) (2018), Rea l E sta te, Industry Research Report, Dec. (Available online at the Official Website of IBEF, www.ibef.org).
Joju, J., Vasantha, S., & Manoj, P. K. (2017). Future of brick and mortar banking in Kerala: Relevance of branch banking in the digital era. International Journal of Civil Engineering and Technology, 8(8), 780-789.
Kiran Keswani (1997). The contribution of building centers to low-cost housing in India, Building Research & Information, 25:1, 50-64,
KPMG in India (2010), Affordable Housing – A key growth driver in the real estate sector? Industry Report (Advisory).
Manoj, P. K. (Ed.) (2009), Emerging Technologies and Financing Models for Affordable Housing in India, Directorate of Public Relations and Publications, Cochin University of Science and Technology (CUSAT), Kochi, Kerala, India, April.
Manoj, P. K. (2008), Learning from Cross-country Experiences in Housing Finance: a Microfinance Approach, Journal of Global Economy, 4(3), 207-223.
Manoj, P. K. (2003), Retail Banking: Strategies for Success in the Emerging Scenario, I BA Bulletin, 2 5 ( 1 1 ) , 18-21.
Manoj, P. K. (2004), Dynamics of Housing Finance in India, Bank Quest, 7 5 ( 3 ) , 19-25.
Manoj, P. K. (2010), Financial Soundness Housing Finance Companies in India and Determinants of Profitability: A
‘CAMEL’ Approach along with ROE Decomposition Analysis, International Journal of Business Policy & Economics, 3(2), 121-137.
Manoj, P. K. (2010). Benchmarking housing finance companies in India: Strategies for enhanced operational efficiency and competitiveness. European Journal of Economics, Finance and Administrative Sciences, (21), 21-34.
Manoj, P. K. (2010). Determinants of Successful Financial Performance of Housing Finance Companies in India and Strategies for Competitiveness: a Multivariate Discriminant Analysis, Middle Eastern Finance and Economics, (7), 199-210.
Manoj, P. K. (2010). Impact of technology on the efficiency and risk management of old private sector banks in India: Evidence from banks based in Kerala. European Journal of Social Sciences, 14(2), 278-289.
Manoj, P. K. (2010). Prospects and problems of housing microfinance in India: Evidence from "Bhavanashree" project in Kerala state. European Journal of Economics, Finance and Administrative Sciences, (19), 178-194.
Manoj, P. K. (2011). Determinants of Profitability of Housing Finance Companies in India and Strategies for Competitiveness: A Multiple Partial Correlation Approach, International Journal of Business Intelligence and Management, 3(2), 121-137.
Manoj, P. K. (2015), Deterrents to the Housing Microfinance: Evidence from a Study of the Bankers to Bhavanashree in Kerala, India, International Research Journal of Finance and Economics, (138), 41-53.
Manoj, P. K. (2015), Housing Microfinance: A Study on Quality, Cost and Default Rate with Respect to Bhavanashree in Kerala, International Research Journal of Finance and Economics, 139, 7-20.
Manoj, P. K. (2015), Socio-Economic Impact of Housing Microfinance: Findings of a Field- based Study in Kerala, India, International Research Journal of Finance and Economics, (137), 32-43.
Manoj, P. K. (2016), Real Estate Investment Trusts (REITs) for Faster Housing Development in India: An Analysis in the Context of the New Regulatory Policies of SEBI. International Journal of Advance Research in Computer Science and Management Studies, 4(6), 152-167.
Manoj, P. K. (2017). Construction costs in affordable housing in Kerala: Relative significance of the various elements of costs of affordable housing projects. International Journal of Civil Engineering and Technology, 8(9), 1176-1186.
Manoj, P. K. (2017). Cost management in the construction of affordable housing units in Kerala: A case study of the relevance of earned value analysis (EVA) approach. International Journal of Civil Engineering and Technology, 8(10), 111-129.
Nasar, K. K. (2015). Purchase Decision for Apartments: A Closer Look into the Major Influencing Factors. Impact International Journal of Research in Applied, Natural and Social Sciences, 3(5), 105-112.
Peer Smets (1999). Housing Finance Trapped in a Dilemma of Perceptions: Affordability Criteria for the Urban Poor in India Questioned, Housing Studies, 14:6, 821-838.
Teye, A. L., Haan, J., Elsinga, M. G., Bondinuba, F. K., & Gbadegesin, J. T. (2017). Risks in homeownership: A perspective on the Netherlands. International Journal of Housing Markets and Analysis, 10(4), 472-488. 10.1108/IJHMA-07-2015-0036.
Government of India, Ministry of Statistics and Programme Implementation (MOSPI), Central Statistical Organization (CSO). (Online at, www.mospi.gov.in).
National Housing Bank (NHB), Trend and Progress of Housing in India, for the years 2014 to 2017, New Delhi. (Online at, www.nhb.org.in).
Reserve Bank of India (2018), Financial Stability Report, June. (ww.rbi.org.in).
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How to Cite
Jaheer Mukthar, & Dr. Manoj P. K. (2018). RELEVANCE OF ENCOURAGING AFFORDABLE HOUSING PROJECTS OF REAL ESTATE PLAYERS IN INDIA: A MACRO LEVEL STUDY . International Journal of Trade and Global Business Perspectives, 7(04), 4051-4058. Retrieved from https://tgbp.gfer.org/index.php/tgbp/article/view/16
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