S.B. DangayachManaging Director

Sintex Industries Limited

Magnitude of the opportunity : Near Trillion US $ Market

Multiplier Effects:

National income

Capital formation

Jobs

Human dignity

Health quality of life

Enabling Environment conducive to flow of Organized Private Sector Role

Land policy

Rent control & efficient dispute resolution

Solution centric flexibility at micro level while following National Building Code & other provisions at macro level

FSI

Construction technology PPP, consortia formation

Country

Percentage of totalHousing stock

Percentage of socialHousing stock by

SocialRental

Private Rental

Pure PublicSector

Housing Assoc.

Limited profit/Non-profit)

UK 20 10 54 46

USA 3 29 31 69

Canada 6 28 34 66

Germany 6 51 18 Some

Republic of Korea 9 35 Some ..

Land use study

Myth of land scarcity

Augmenting land supply for housing

Carrot and stick approach for land – penalty for land holding and speculation to all segments including industrial, educational, charitable etc.

Biggest obstacle to rental housing so far.

Easy to overcome constraints by simple exemptions as given by Govt. of Gujarat.

(a) Any premises constructed on or after the commencement of the Bombay Rents, Hotel and Lodging House Rents Control (Gujarat Second Amendment) Act 2001(Gujarat 27 of 2001) (Hereinafter referred to as “the amendment Act”).

(b) Any existing premises which is self-occupied by the owner or vacant on or after commencement of the amending Act, and is let after such commencement.

Easy to do away with it for all prospective transactions all over the country.

Time to unfreeze

Meeting codal provisions with engineering advancements and economic feasibilities

Learn from past practices in India (like FSI of around 4 in Mumbai or substantial freedom in Hyderabad).

Learn from best practices in other parts of the world.

Use technology for setting up E-Courts for:

Registration of contracts

Virtual hearings by way of Skype or Video Conferencing

Delivery of judgments by way of internet

Look at learnings from SARFAESI Act working effectively for housing finance sector.

House insurance

Credible players

Lawyers

Professionally qualified property agents

Professionally qualified property managers

Several options while meeting technical and economic specifications

Giving flexibility to land owners to monetize their holdings so as to balance demand and supply.

Look at different formats like:

Hostels

Service apartments

Prefab houses

Homes that can be rented by hours, days, months or years.

Flexibility in building designs and construction

Flexibility in Rent Acts to balance interest as in case of automobiles

Tax equalization on owned or rented premises

Tax free bonds like Vikas Patra

Delivery of subsidy through Aadhar in cash while keeping LIG.

Open minded and out of box approaches

Conversion of land into demand and need based housing solutions

Boldness in thinking and action