000			01429nam a22001457a 4500
999			_c527850 _d527850
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100			_aGupta, S., Agnihotri, N. and George, A. _958929
245			_aHouse prices in India: How high, and for how long?
260			_aEconomic & Political Weekly
300			_a37(14), 14 Sep, 2024: p.50-59
520			_aA significant proportion of India’s population lacks access to decent housing, despite successive governments implementing housing affordability schemes. Why housing is expensive in India and what explains the tepid increase in house price growth over the last seven–eight years needs to be understood to address the challenge. Housing is expensive, with a price-to-income ratio of 11, more than twice the affordability benchmark of 5. High house prices are due to structural issues afflicting the real estate sector, such as inefficiencies in land use planning and implementation, semi-transparent nature of the real estate market, and a pervasive shadow economy. These issues and a less-than-competitive industry structure reinforce high prices. To make housing affordable, the focus should be on releasing developable land supply transparently through rigorous land use and implementation.- Reproduced https://www.epw.in/journal/2024/37/special-articles/house-prices-india.html
773			_aEconomic & Political Weekly
906			_aHOUSING
942			_cAR