Housing attributes affecting buyers in India: Analysis of perceptions in the context of EWS/LIG consumers view
International Journal of Housing Markets and Analysis
ISSN: 1753-8270
Article publication date: 7 February 2020
Issue publication date: 16 June 2020
Abstract
Purpose
The purpose of this paper is to provide affordable housing to low- and middle-income groups. The gravity of India’s housing affordability problem has led us to study and analyse the attributes hindering affordable housing for economically weaker section (EWS) and low-income group (LIG). The attributes such as viable parameters, economic parameters, location and communication, regulatory, source of finance, construction, services and infrastructure parameters affect the supply and demand of affordable housing in Indian urban areas for EWS and LIG with an annual household income below 2 lakhs.
Design/methodology/approach
The judgement sampling is used amongst housing and planning professionals working in five different sectors, including local authorities, housing developers, housing sectors, town planning and property/affordable housing consultant. The Analytical hierarchy process method of multi-criteria decision-making was used to analyse the data collected.
Findings
A detailed analysis of the data collected reveals that a viable parameter is the most governing attribute in the supply and demand process of developing affordable housing. Major reforms can be implemented at various levels of housing development in the urban area that can help in reducing the affordability gap for EWS/LIG. The suggested approach will be helpful for developers, urban planners and decision makers while designing an affordable housing project.
Originality/value
The model being proposed in this paper seeks for a proficient allotment of policies and assets, to some extent, by remedying the current market distortions and different inconsistencies that negatively influence the incentive structure of the affordable housing section in India. This paper offers a plan for a housing procedure that is applicable to all measurements of housing poverty and the groups that sustain it. In this way, the current study is, to a greater extent, a facilitator, and not an immediate solution of affordable housing.
Keywords
Acknowledgements
The authors thank Savitribai Phule Pune University, MET’s BKC Institute of Engineering, Adgaon Nashik. The authors are thankful to all of those with whom they had worked with during the research.
Citation
Ghumare, P.N., Chauhan, K.A. and Yadav, S.K.M. (2020), "Housing attributes affecting buyers in India: Analysis of perceptions in the context of EWS/LIG consumers view", International Journal of Housing Markets and Analysis, Vol. 13 No. 4, pp. 533-552. https://doi.org/10.1108/IJHMA-08-2019-0081
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited