S.B.

Dangayach
Managing 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

Percentage of total
Housing stock
Country

Percentage of social
Housing stock by

Social
Rental

Private
Rental

Pure Public
Sector

Housing
Assoc.
Limited profit/
Non-profit)

UK

20

10

54

46

USA

29

31

69

Canada

28

34

66

Germany

51

18

Some

Republic of Korea

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