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POLICY REVIEW

          prices  have  stagnated across     of the total rental households    urban rented accommodations
          cities with Mumbai, Pune,          in India are in Urban  Areas.  A   do not have any written contract
          Chennai and Kolkata witnessing     household size of 3-4 comprise    (Khaitan,  2019). While a part
          a price decline of 3%, 4%, 3% and   of up to 50 % of the rented      of  this  could  be due  to  the
          2%,  respectively. Ahmedabad,      households in India, which        informality of the premises itself,
          Bengaluru and the National         indicates the lower dependency    the Rent Control Act enacted by
          Capital Region  (NCR) noted        on  ownership  of  a  house  in   the various state governments
          only 1%,  2%  and  3%  price       urban areas by nuclear families.   has  become  a deterrent to
          growth while Hyderabad  has        A household size of 1- 2, ranges   the formalisation of rental
          9%  price  growth.  The  capital   between 6 % to 12 % of the total   agreements across  the country
          value growth hardly  presents      rented households  in India.      (figure-8).
          ownership of a residential         This is expected to rise with the   Shift to a Rental Housing
          property as an investment asset.   growth of first phase migration    Approach –  Affordable Rental
          On the other hand, the affordable   of the poor in cities that prefers a   Housing Complexes (ARHC)
          housing under the Housing for      shared accommodation.
          all  2022  is  not a  tradable asset                                 The reverse migration of the
          for two reasons.  A prospective  FORMALISING THE                     urban poor or migrant during
          buyer can himself get  it from  URBAN RENTAL                         the COVID 19 Pandemic put
          the government, secondly, it is  HOUSING                             forward the need for providing
          a subsidised product and there     As  per the National Sample       ease  of living through access
          exists a lock- in period.                                            to dignified  rental affordable
                                             Survey Office (NSSO) in 2012,     housing close to the migrant or
          As  per Census  2011 data, 79 %    71% of the households living in   urban poor’s workplace. Under
           Figure 8 Condition of Shared Rental Accomodation in Bhangel Village in Noida (Source:   the vision of “Aatma Nirbhar
                                        Author)                                Bharat “ and as a Sub-Scheme
                                                                               to the “Pradhan Mantri  Awas
                                                                               Yojana (Urban) “  Mission for
                                                                               “Housing for  All 2022”, the “
                                                                               Affordable    Rental   Housing
                                                                               Complexes      (ARHC)       was
                                                                               announced in 2020 in public and
                                                                               private sectors under two models
                                                                               of approach with sufficient fiscal
                                                                               incentives have been provided
                                                                               in the scheme. Utilizing existing
                                                                               Government     funded    vacant
                                                                               houses in cities by converting
                                                                               them into ARHCs under Public
                                                                               Private    Partnership    (PPP)
                                                                               mode or by  Public agencies as
                                                                               a  Centrally Sponsored  Scheme,


          1 First Phase: The migrant first enters the city based on his connections in the city that may be his relatives or friends or acquaintance at the native village.
          They rely on them for housing or an accommodation and finding a job immediately when they enter the city.
          Second Phase: As a chain reaction, friends and family members of a migrant join the migrant, once he is settled at his new destination.


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