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Residential Rental Housing Environment in India

By: Chakrabarty, Anwesha.
Publisher: New Delhi Institute of Town Planners 2018Edition: Vol.15(), Jul-Sep.Description: 91-100p.Subject(s): URBAN PLANNING AND DESIGN (AR-UPD)Online resources: Click here In: ITPI journalSummary: This paper is an attempt to understand the present condition of residential rental housing in India. Being not much supported by government initiatives, this thriving market has flourished on its own varying from place to place based on the prevailing requirements. About one-tenth of the households in India lived in rented houses in 2011, of which four-fifths households lived in rented houses in urban areas. With more families able to depend on rental properties, rental housing avenues in cities have to be standardized. Enabling the development of a healthy formal rental-housing sector is significant for social well-being.
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This paper is an attempt to understand the present condition of residential rental housing in India. Being not much supported by government initiatives, this thriving market has flourished on its own varying from place to place based on the prevailing requirements. About one-tenth of the households in India lived in rented houses in 2011, of which four-fifths households lived in rented houses in urban areas. With more families able to depend on rental properties, rental housing avenues in cities have to be standardized. Enabling the development of a healthy formal rental-housing sector is significant for social well-being.

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