Land and real estate markets in Indian cities have been overly regulated for a long time. Builders in India today are merely responding to incentives created by the current regulatory framework.
This Working Paper by former Senior Associate, Komal Hiranandani, was submitted to Cornell University as her Master of Science thesis, and was partially supported by IDFC Institute.
Through an empirical study of an area in the suburbs of Mumbai (India), this paper shows the wedge between planned and actual land use and discusses the reasons for this dichotomy.
This paper assesses the impact of rent control for Mumbai, where it has created a shortfall in formal, affordable rental housing and contributed to distortions in the land market