Decoding the Distribution of House Price & Income Mix Ratio (HPIMR) to Calculate the Proportionate Investments required for Housing Demand based on Affordability in India at the Country Level

7 Pages Posted: 8 Feb 2021

See all articles by C SenGupta

C SenGupta

Indian Institute of Town Planners; Independent

Date Written: November 15, 2020

Abstract

Decoding the Distribution of House Price & Income Mix Ratio (HPIMR) to Calculate the Proportionate Investments required for the Housing Demand as per Affordability in India at the Country Level

As per my paper published https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3693316 on the House Price to Income Ratio, it was found that about 20 years of savings is required to afford a house especially for the middle to lower income groups.

This paper focuses on the investment distribution that are required at the country levels in India to resolve the housing crisis.

It is found that in order to resolve the housing crisis in the country, India actually needs to spend a fraction of the overall investment in the housing sector in order to take care of the housing needs of the majority of the population in the country.

Only about 17.7% of the overall investments that are done in the housing sector are required to clear the housing needs of 86% of the population of the country.

Keywords: House Price, Income Mix Ratio, HPIMR, Housing Units, Affordability, India

JEL Classification: R20, R21, R22, R29, R30, R31, R32, R39, Y10

Suggested Citation

SenGupta, C and SenGupta, C, Decoding the Distribution of House Price & Income Mix Ratio (HPIMR) to Calculate the Proportionate Investments required for Housing Demand based on Affordability in India at the Country Level (November 15, 2020). Available at SSRN: https://ssrn.com/abstract=3731007 or http://dx.doi.org/10.2139/ssrn.3731007

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