Indian Housing Subsidies
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The paper discusses the need to create cost effective and standardized housing designs for each geo climatic region in India. The paper addresses short-term and long-term plans, rental housing, subsidies for building affordable housing projects and land laws. The paper notes that Indian housing projects seem to benefit the local people more than the investors and so subsidies should be given for their investment.
From the Paper:"The urban structure is such that major cities are concentrated with densely populated working class who live in substandard housing or simply in slums. In this regard, government should devise plans that should give incentives to the builders to create living condition that would utilize minimum space. One solution is to create a growing demand for investment opportunity. Short-term loans could be created for builders of small projects whose payments could easily be returned. These short-term loans could be between 2-4 years where the annual rate could be fixed with a flexible scale of economy. For those who can return the amount back lump sum they should get some kind of bonus. This would act as an incentive for returning amount and getting more loans using their projects as collateral. For housing of single unit homes, it is useful to levy a bit of higher rates for the houses because it would discourage the people from building single houses, leaving more space for flats or apartments projects [Strassman, 1987]."
Cite this Term Paper:
Indian Housing Subsidies (2003, October 02) Retrieved July 08, 2020, from https://www.academon.com/term-paper/indian-housing-subsidies-36277/
"Indian Housing Subsidies" 02 October 2003. Web. 08 July. 2020. <https://www.academon.com/term-paper/indian-housing-subsidies-36277/>