The interesting part in Mumbai is that it does not solve the major problem.. One of the reason is that the allotees give that house on rent and again goes back and stay in a slum
That largely happened when slum dwellers were relocated elsewhere, without thought to their source of livelihood, children’s education and wife’s supplemental income source. Our experience continues to be that the slum dwellers greatly appreciate the enhanced dignity of living as long as it doesn’t negatively impact their incomes.
Additionally, regulation changes now prohibit any rent/sale/transfer of their new units for a minimum period of ten years.
Jah love. Give thanks and praises for this great article. I so wish that they had similar programs in the U.S. and other nation states. Homelessness and slum dwelling is a huge problem for millions if not billions of people around the world. And the United Nations should be awarding the folks in India who generated this idea and are implementing it. There are so many people in refugee camps who will become slum dwellers in about a decade. This project is a great model for the world to follow. And I love the fact that women are equal partners in the ownership of the properties.
Could anybody brief about the compensation for relocation. I would like to know whether the compensation is given by the builders or by the government…
I too am looking for opportunities to invest in housing. Is there an outfit that does that? You did not report on return on investment (ROI). Any data on that? A good ROI would open flood gates of capital.
COMMENTS
BY Debashish Naik
ON September 9, 2014 10:15 AM
The interesting part in Mumbai is that it does not solve the major problem.. One of the reason is that the allotees give that house on rent and again goes back and stay in a slum
BY Shailesh Viswanathan
ON September 15, 2014 01:41 AM
That largely happened when slum dwellers were relocated elsewhere, without thought to their source of livelihood, children’s education and wife’s supplemental income source. Our experience continues to be that the slum dwellers greatly appreciate the enhanced dignity of living as long as it doesn’t negatively impact their incomes.
Additionally, regulation changes now prohibit any rent/sale/transfer of their new units for a minimum period of ten years.
BY Marie Nadine Pierre
ON September 26, 2014 05:12 AM
Jah love. Give thanks and praises for this great article. I so wish that they had similar programs in the U.S. and other nation states. Homelessness and slum dwelling is a huge problem for millions if not billions of people around the world. And the United Nations should be awarding the folks in India who generated this idea and are implementing it. There are so many people in refugee camps who will become slum dwellers in about a decade. This project is a great model for the world to follow. And I love the fact that women are equal partners in the ownership of the properties.
Blessed love.
BY Pooja
ON October 30, 2015 12:13 AM
Great post, i think its necessary to make city slum free and all should stay in good condition home. Thanks for sharing.
BY Stephen
ON May 25, 2016 05:27 AM
Could anybody brief about the compensation for relocation. I would like to know whether the compensation is given by the builders or by the government…
BY Shailesh Viswanathan
ON September 27, 2016 11:38 PM
Stephen - the compensation, including rent till possession of their new homes, is given by the builder.
Additionally, the builder also provides a mandated corpus fund which takes care of estimated outgoings for a period of 10 years.
BY Zenia Tata
ON January 16, 2023 01:43 PM
Hello, is their any follow-up done on this article? What were the outcomes? Progress made?
BY Yogi C Agrawal
ON November 30, 2023 05:39 PM
I too am looking for opportunities to invest in housing. Is there an outfit that does that? You did not report on return on investment (ROI). Any data on that? A good ROI would open flood gates of capital.
BY Shailesh
ON December 5, 2023 04:52 AM
Hi,
Yes there are outfits which do this, requires specific skill sets however.
ROE can be 50%+, however managing timelines are critical.
Regarding opportunities - you can reach out to us at .(JavaScript must be enabled to view this email address)
Regards
Shailesh