Do away with archaic laws
Political will, action and implementat i on are t he most important factors so far as urbanisation in India is concerned.Developments must be assessed, resources must be deployed and timelines must be adhered to. As per research by t he PHD Chamber of Commerce and Industry and Cushman & Wakefield, here are some enablers required to tackle rapid urbanisation:
Land is a scare resource. How well a country does in urbanisation depends on how innovatively land is used. Revamping FSI guidelines and redevelopment are important measures; however, firstly, the existing infrastructure must be prepared so that additional floors do not increase additional traffic load.
Pre- investing and effective planning must be adopted. This can be applied in a number of ways. For instance, in peripheral city limits, houses are sold without good connectivity to the city centres. Infrastructure facilities 3.5 3.0 2.5 2.0 3.1 must be laid before it becomes a residential or commercial hub, otherwise it creates chaos and not convenience. Similarly, Tier-2 cities must be ready to handle a boom or a spill-over of urban population.
Urban development needs funding in unprecedented measures. Monetising land assets could help raise funds; land sales in upcoming hubs and promotion of PPP (Public Private Partnership) models will generate funds for urban development. India should bring in reforms such as the GST (Goods and Services Tax), which is meant to incentivise growth. The implementation of GST will unify taxes and make India a stronger economy.
Do away with archaic laws such as Rent Control Act and bring in progressive measures such as the concept of rental housing. Incentivise projects that need to be developed on priority with measures such as tax or commercial benefits. By 2030, India’s cities will be bigger than several countries. Urban governance needs an
Housing shortage: top seven Indian states
overhaul, says the research.
Global cities have empowered mayors or personnel who are clearly accountable for the city’s performance. Dedicated metropolitan authorities in every city with well-defined roles are a must for the management of large Indian cities.
Affordable housing is an abused term in the Indian real estate industry. It is often a marketing gimmick. The government must define and incentivise houses that are truly affordable so that urban centres have housing for all. The demand and potential for affordable housing in a country such as India which is grappling with urban issues, is huge. Encourage micro mortgage financing schemes so that people who are actually needy can afford homes.
People who belong to EWS or LIG category work i n unorganised sectors and do not have formal documents to access credit. Such people will benefit from micro-financing schemes. India must move towards a single window clearance so that 18-24 months are not spent on getting permissions, adds the report.