Page 87 - HUDCO-SHELTER-APR21
P. 87

CASE STUDY


         •  During 1990s, the housing  Apart  from  public  house  and development control were a
            policy in India envisaged that  building; it emphasized upon  hindrance  to  achieving  the
            the government would move  house          building     through  policy  objective  (Jain  2016,
            away from 'direct provision of  partnerships between Central  Nallathiga  2005).    Industry
            housing' towards 'enabling  and State governments as well as  advisories  also  showcased
            housing development';           between the Government and        affordable housing as the next
                                            private sector so as to leverage   thing to happen, but they also
         •  After 2000s, the successive                                       imply the need for support from
                                            private sector participation in
            governments gave incentives                                       the  Government  to  the
                                            planning, execution and finance
            for home ownership (through                                       developers by some means (JLL
                                            (GoI 2007). The Technical Group
            mortgage tax relief), which                                       2012).The MGI report (2014)
                                            12  of  Government  of  India
            promoted the role of private                                      discusses that the affordable
                                            (Kundu 2012) also estimated that
            sector in housing development.                                    housing  is  a  major  issue
                                            housing shortages were large
                                                                              confronting  the  world  that
         Housing has been assuming          and rising (see Figure 1).
                                                                              required multi-pronged approach
         more importance in urban areas
                                            Although, the NUHHP had  to address it comprehensively.
         for the last two decades, when     pronounced universal housing  It  discusses  the  incentives
         India  has  been  becoming
                                            as the goal of housing and raised  required, public sector role,
         increasingly urbanized with        pitch through 'Housing for All',  private sector participation and
         more than one-third of Indian      there was not much enthusiasm  long term town and country
         population is urban now (ADB       at  the  ground  level  for  the  planning  among  others  for
         2014).  The  National  Urban       numerous issues which need to  achieving it. Sengupta (2014)
         Housing and Habitat Policy         be addressed, as pronounced by  also discusses the challenges and
         (NUHHP) in India, which came       the  real  estate  and  housing  opportunities for affordable
         to the fore in 2007, emphasized    bodies  (KPMG  NAREDCO  housing in India through private
         on multi-pronged approach  2013).It is also claimed that the  sector participation.
         towards housing in urban India.  rigid policies of urban planning
                                                                              In spite of a lot of experience of
                                                                              the Public-Private Partnership
                Figure 1: Urban Housing Shortage and Its Projections          (PPP) in many other sectors in
                                                                              India,      particularly      in
                                                                              infrastructure development,
                                                                              there have been fewer a empts
                                                                              to provide affordable housing
                                                                              through the PPP model.  PPPs
                                                                              have been very successful in the
                                                                              creation of a large highway and
                                                                              road network in India in the last
                                                                              couple of decades.  Given this
                                                                              backdrop, the Shukhobrishti
                                                                              Housing Project Case assumes
                                                                              importance, as it is one such
                                                                              a empt  made  in  India  to
                                                                              provide affordable housing on
                                                                              the PPP model.




                                                                          April 2021 Volume 22 No. 1- SHELTER  85
   82   83   84   85   86   87   88   89   90   91   92