Contents
1 Introduction 15
1.1 Background 15
1.2 Need of the study 16
1.3 Research Questions 18
1.4 AIM 18
1.5 Objectives 18
1.6 Scope of the study 19
1.7 Limitations 19
1.8 Flow of the study 20
1.9 Methodology 21
2 Literature Review 23
2.1 Urbanization & Housing 23
2.2 Urban Housing Shortage In India 23
2.3 Income Levels & Housing Affordability 25
2.4 Affordable Housing 26
2.4.1 Definition of Affordable Housing 26
2.4.2 Demand for Affordable Housing in India 28
2.4.3 Issues and Challenges in Affordable Housing 28
2.5 Overview Of The Housing Policies 30
2.5.1 In India 30
2.5.2 State- Wise 33
2.5.3 International Experience 36
2.6 Emergence Of Ppp With Affordable Housing 39
2.6.1 What is Public Private Partnership? 39
2.6.2 Concept of PPP 40
2.6.3 Formulation of PPP Model 41
2.6.4 Entry of Private Players in the Affordable Housing Segment – .41
2.6.5 Affordable Housing in Partnership 42
2.6.6 PPP Models for Affordable Housing 44
2.6.7 Issues in PPP Model for Affordable Housing 50
3 Case Of Ahmedabad 52
3.1 Introduction 52
3.1.1 Housing in Ahmedabad 53
3.2 Affordable Housing Market In Ahmedabad 54
3.3 Agencies In Ahmedabad Providing Affordable Housing 54
3.4 Public Authorities Role InProviding Affordable Housing 55
3.5 Policies Promoting Affordable Housing 56
3.5.1 Public Housing Redevelopment Policy – 2016 56
3.5.2 Affordable Housing In Partnership (AHP) 65
3.5.3 Residential Affordable Housing Zone (RAH Zone)70
3.5.4 Credit Linked Subsidy Scheme (CLSS) 73
3.5.5 Income Tax 77
4 Analysis 80
4.1 Public Housing Redevelopment Policy 80
4.1.1 Various conditions in PHD Model 80
4.1.2 Potential of PHD Model 82
4.1.3 Issues in the Model 84
4.2 Issues & Potential Of AHP Model 85
4.3 Issues & Potential Of CLSS 86
4.4 Issues & Potential Of RAH Zone 86
4.5 Constraints For Real Estate Developers 87
5 Recommendations 88
5.1 Public Housing Redevelopment Policy 88
5.2 Affordable Housing in Partnership (AHP) 89
5.3 Credit Linked Subsidy Scheme (CLSS) 89
5.4 RAH Zone – W hat can be improved? 89
5.5 Other Incentives 91
5.6 Procedure to get Approval for Affordable Housing in Ahmedabad 92
5.6.1 Comparison of Approval time required for Affordable Housing in Gujarat and Maharashtra 94
6 Conclusion 96
7 References 98