International Journal of Social Science & Economic Research
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Title:
THE EVOLUTION OF HOUSING POLICY AND HOUSING FINANCE IN INDIA THROUGH THE FIVE-YEAR PLANS

Authors:
Dr. Athavale Sanhita, Chowdhury Arnab Kumar

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1Dr. Athavale Sanhita, 2Chowdhury Arnab Kumar
1Professor in the Dept. of Economics, Savitribai Phule Pune University (SPPU), Pune.
2Staff of Reserve Bank of India and PhD research scholar with Dept. of Economics, SPPU, Pune.

MLA 8
Sanhita, Dr. Athavale, and Chowdhury Arnab Kumar. "THE EVOLUTION OF HOUSING POLICY AND HOUSING FINANCE IN INDIA THROUGH THE FIVE-YEAR PLANS." Int. j. of Social Science and Economic Research, vol. 3, no. 5, May 2018, pp. 2028-2039, ijsser.org/more2018.php?id=140. Accessed 2018.
APA
Sanhita, D., & Kumar, C. (2018, May). THE EVOLUTION OF HOUSING POLICY AND HOUSING FINANCE IN INDIA THROUGH THE FIVE-YEAR PLANS. Int. j. of Social Science and Economic Research, 3(5), 2028-2039. Retrieved from ijsser.org/more2018.php?id=140
Chicago
Sanhita, Dr. Athavale, and Chowdhury Arnab Kumar. "THE EVOLUTION OF HOUSING POLICY AND HOUSING FINANCE IN INDIA THROUGH THE FIVE-YEAR PLANS." Int. j. of Social Science and Economic Research 3, no. 5 (May 2018), 2028-2039. Accessed , 2018. ijsser.org/more2018.php?id=140.

References
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[2]. See https://www.hdfc.com/about-us
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[4]. See https://nhb.org.in/about-us/#Genesis accessed Nov 5, 2017
[5]. Wikipedia, https://en.wikipedia.org/wiki/LIC_Housing_Finance accessed Nov. 5 2017.
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[7]. USAID, "Primer on Repeal of Urban Land Ceiling and Regulation Act (2010)", Indo-USAID Financial Institution Reform and Expansion Project.
[8]. Ministry of Urban Development, "Valmiki Ambedkar Awas Yojana (VAMBAY)"
[9]. Ministry of HUPA, "Rajiv Awas Yojana", http://mhupa.gov.in/User_Panel/UserView.aspx?TypeID=1282 accessed Nov 6, 2017
[10]. Ministry of HUPA "Housing for All by 2022" National Mission for Urban Housing, Press Release dated June 17, 2015, http://pib.nic.in/newsite/PrintRelease.aspx?relid=122576 accessed Nov 6, 2017
[11]. Implementation of the rural housing scheme of Pradhan Mantri Awaas Yojana - Gramin, Press release dated March 23, 2016, Press Information Bureau, http://pib.nic.in/newsite/PrintRelease.aspx?relid=138324 accesses Nov 6, 2017
[12]. Pherwani M J, 1991, "The Future Prospects for Housing Finance in India", Housing Finance International, Issue: June 1991
[13]. Munjee Nasser M, 1989, "Recent Developments in Indian Housing Finance", Indian Housing Finance, http://www.housingfinance.org/uploads/Publicationsmanager/8908_Rec.pdf, accessed Nov 5, 2017.
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[15]. HUDCO, Presentation to institutional investors and analysts by HUDCO (March 2017), p-4
[16]. Ministry of HUPA, "Eighteenth Report of the Committee on Public Undertakings", Chapter II, p-11
[17]. HDFC, "About Us", HDFC website, https://www.hdfc.com/about-us accessed Nov 5, 2017.
[18]. Report of the Inter-regional Workshop on Integration of Housing Finance into National Financial System (10- 14 June 1991), p-10
[19]. National Housing Bank
(i) Report on Trends and Progress of Housing in India 2002, p-24
(ii) Ibid, p-5
(iii) Report on Trends and Progress of Housing in India 2015, p-110
(iv) Report on Trend & Progress Of Housing In India, June 2001, NHB p-4;
[20]. Presentation to institutional investors and analysts by HUDCO (March 2017), p-10, http://www.hudco.org/writereaddata/PublicNotice/Presentation%20to%20Institutional%20Investor%20and%20Anal yst.pdf accessed November 26, 2017.
[21]. Gandhi R, 2014, "Real Estate and Housing - A Sensitive Sector or Samvriddhi Sector?", (Speech delivered by Shri R. Gandhi, Deputy Governor on August 20, 2014 at the "NAREDCO CONCLAVE - Banking & Investment Reforms: Housing for all by 2022")
[22]. Rao, R Kavita, 2008, "Income Tax Incentives to Housing Sector Income Tax Incentives to Housing Sector: Assessing the Benefits", National Institute of Public Finance and Policy

Abstract:
The paper traces the development of housing policy and housing finance in India through the five-year plans. For the study, the paper divides the entire period from the first plan to the twelfth in to three phases. In initial phase housing policy of the government treated housing a as a social good. Over the decades, it was realized that it was beyond the capacity of the State to provide housing for all. The government's role changed from provider of houses to provision of sites and civic infrastructure, while the construction of houses and its financing moved mainly to private sector. The government facilitated the change by creating a number of institutions both in the government and private sectors. Undeniably, India has made rapid progress in building houses, especially since 2001. However, widening the reach of housing finance and making it inclusive in Indian social context is the real challenge before the policy makers of the day.