Low Cost Housing in India

Rao, Prakash B and Shivaram, N and Hegde, Nikhil S (2012) Low Cost Housing in India. In: National Conference on contemporary Civil Engineering Research and Practices, April 20-21, M.I.T, Manipal,.

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Low-income housing micro finance in India has to explore best practices and models used by organisations already providing housing finance products, with particular emphasis on southern India. The Study will help to understand in detail, the challenges in providing low-income housing finance in India, with special attention to housing microfinance and generate recommendations for product design and implementation. Although consumer demand for housing remains high, the financing options available for low-income households, especially for those employed in the informal sector are limited. Moreover, the current financing options, which range from moneylenders to government subsidies, are not tenable in the long run. Fortunately, Micro Finance Institutions (MFIs) provide an innovative channel to finance housing for the poor. However, the ability for microfinance institutions to provide housing continues to be difficult, mired in concerns over scarce funding, legal risks arising from informal land title, lack of collateral and insufficient knowledge about construction. An in-depth look at housing microfinance in India brings to light the variety of products in the market, each with their own advantages and disadvantages. Governments and funding organisations are also interested in learning from successful and efficient housing finance schemes to improve their own models of support. A sector-wide analysis of housing microfinance is particularly relevant for stakeholders interested in entering this sector and developing cost effective housing finance solutions

Item Type: Conference or Workshop Item (Paper)
Subjects: Engineering > MIT Manipal > Civil Engineering
Depositing User: MIT Library
Date Deposited: 05 Mar 2013 05:41
Last Modified: 24 Jan 2014 11:22
URI: http://eprints.manipal.edu/id/eprint/78834

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