Effective Housing Demand in Mumbai (Bombay) Metropolitan Region.

Housing policy formulation should be informed by a careful understanding of the behaviour of the urban housing market, as reflected by housing demand behaviour. Such basic information is important, not only for improved project design but also for the development of better sector-wide policies. The...

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Publicado en:Urban Studies (Routledge) Vol. 36; no. 10; pp. 1783 - 1810
Autores principales: Tiwari, Piyush, Parikh, Kirit, Parikh, Jyoti
Formato: Artículo
Publicado: Taylor & Francis Ltd Sep99
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Acceso en línea:Ver este registro en EBSCOhost
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        au:
          Tiwari, Piyush
          Parikh, Kirit
          Parikh, Jyoti
      su:
        Housing
        Dwellings
        India
        Mumbai (India)
      sug:
        subj:
          India
          Mumbai (India)
          Housing
          Dwellings
      ab: Housing policy formulation should be informed by a careful understanding of the behaviour of the urban housing market, as reflected by housing demand behaviour. Such basic information is important, not only for improved project design but also for the development of better sector-wide policies. The overall analysis in this paper stresses the importance of prices and income on the demand for housing in Mumbai metropolitan region. Estimates of housing demand function are given. In our analysis, we account for rent control in Mumbai which distorts rents. The results indicate that housing demand is elastic with respect to income and price. The income and price elasticities are around 1 and -1 respectively. We also estimate income and price elasticities for different income classes. The paper concludes with policy prescriptions.
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    language: English
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