Reforming India’s housing market: How disclosure laws boosted efficiency
Last month on VoxDev, @VaidehiTandel (@OfficialUoM), @gandhisahil, Anupam Nanda & @nunduni (@WRIIndia) discussed the impact of mandatory disclosures in the Mumbai housing market: https://t.co/0IpqtaxC2N
Reforming India’s housing market: How disclosure laws boosted efficiency
Last week on VoxDev, @VaidehiTandel (@OfficialUoM), @gandhisahil, Anupam Nanda & @nunduni (@WRIIndia) discussed the impact of mandatory disclosures in the Mumbai housing market: https://t.co/0IpqtaxC2N
🆕 Reforming India’s housing market: How disclosure laws boosted efficiency
Today on VoxDev, @VaidehiTandel (@OfficialUoM), @gandhisahil, Anupam Nanda & @nunduni (@WRIIndia) discuss the impact of mandatory disclosures in the Mumbai housing market: https://t.co/0IpqtaxC2N
Real estate developers have information about quality of their projects which homebuyers lack. In developing countries, homebuyers face high transactions costs in accessing this information. We show how mandatory disclosures may be a way to resolve information asymmetry.
Real Estate Regulatory Authority was introduced in 2016 to bring about transparency in the Indian real estate
What was its impact on outcomes? We answer this question in our new @JPubEcon paper "Do mandatory disclosures squeeze the lemons?"
Link https://t.co/bQLj1e18Gx
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Come join us for a seminar on the 24th January at 4 PM as our panel of experts discuss the challenges of high house prices in India and chart a road-map for affordable housing.
Register to attend:
https://t.co/K1SQnqoHDx
📒📚First prints of the CSEP research that explains the root causes of high housing prices in India.
🏘️The paper by Shishir Gupta, @nunduni & Annie George examines existing challenges and policy recommendations to make housing affordable.
Grab a copy!
https://t.co/BsgwtgqMYY
Housing in India is twice as expensive as it ought to be. From 1991 to 2021, property prices far outgrew the incomes of the population. Why and how?
Read the @IndianExpress feature of the CSEP paper by Shishir Gupta, @nunduni & Annie George to find out.
https://t.co/9mF76bnIo9
Behind India's unaffordable #housing prices lies structural problems, a less-than-competitive market structure, and the presence of a shadow economy.
To address these issues, this CSEP working paper provides threefold recommendations for policymakers.
https://t.co/BsgwtgqMYY
🚨 #NewResearch | How expensive is #housing in India, and why? What explains the tepid increase in #houseprice growth over the last 7–8 years?
Shishir Gupta, @nunduni & Annie George provide clarity on how to tackle this challenge going forward.
https://t.co/BsgwtgqMYY
Supeeeeerrrrrrr thrilled to see my paper with @gandhisahil & @ATabarrok in the Journal of Development Economics #JDE
https://t.co/ueiKiiUdH3
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🏡As a home buyer, is there any way to avoid buying a property caught up in litigation?
@nunduni and @gandhisahil recommend ways to make disclosure of information mandatory by making the Real Estate (Regulation and Development) Act 2016 effective.
https://t.co/p0vTaWh5Ir
Oped in @EconomicTimes w/ @nunduni
Information flow in real estate are limited. This leaves buyers in the dark, impeding their ability to distinguish between good- & bad-quality housing. With little information, they may purchase homes mired in litigation
https://t.co/dISWb85gOP
🚨#NewResearch
Potential home buyers often lack info about housing projects' litigation status, resulting in overpricing of such houses.
@VaidehiTandel@gandhisahil @anupamKnanda
@nunduni study the impact of disclosure laws in India's #housing market.
https://t.co/eX8RMXRwwe
🚨NEW PAPER 🚨
We study the impact of disclosure laws in the housing market in India. The Maharashtra real estate regulator mandated developers to provide information & made these details public in May 2017 https://t.co/wbSLdkKn1k
@VaidehiTandel @anupamKnanda @nunduni
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1/n On 28 Aug, towers in Noida were demolished due to not meeting building rules. Many HHs lost their wealth. There were litigations against them since 2012
Noida (Delhi region) falls in Uttar Pradesh. what was Real Estate Regulatory Authority doing?🧵👇
https://t.co/lKm0rkXEJc