Home equity conversion: prospects in India
By: Bardhan, Ashok Deo.
Contributor(s): Barua, Samir K.
Material type:
ArticlePublisher: 2003Description: p.3209-212.Subject(s): Housing - India | Housing
In:
Economic and Political WeeklySummary: In a country where a large chunk of housing wealth sits idle, a thicker housing market will set into play many welfare enhancing factors, such as greater geographical mobility of labour, a national housing market, a spurt in new construction, spillover effects in a range of other industries and a general boost for the economy. The time is ripe for the well-established players in the housing finance sector to introduce these products. If necessary, the government could provide fiscal benefits to give an initial boost to such activity. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 38, Issue no: 30 | Available | AR57954 |
In a country where a large chunk of housing wealth sits idle, a thicker housing market will set into play many welfare enhancing factors, such as greater geographical mobility of labour, a national housing market, a spurt in new construction, spillover effects in a range of other industries and a general boost for the economy. The time is ripe for the well-established players in the housing finance sector to introduce these products. If necessary, the government could provide fiscal benefits to give an initial boost to such activity. - Reproduced.
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