Why Is India’s Real Estate Market Broken?शहरों में घर इतने कम क्यों ft.Vaidehi Tandel

Why is the housing market in India so expensive? Why is buying a house a decision fraught with risk and uncertainty? How can we find clues about the nexus between the builders and the politicians? This week, we speak to Vaidehi Tandel, an urban economist, who has researched into the issues that plague India’s housing market.
भारत में घर इतने महंगे क्यों है? घर खरीदना जोखिम और अनिश्चितता से भरा फैसला क्यों है? बिल्डरों और राजनेताओं के बीच सांठगांठ के बारे में सुराग कैसे मिलेंगे? इस सप्ताह पुलियाबाज़ी पर हमारे साथ जुडी अर्बन अर्थशास्त्री वैदेही टंडेल, जिन्होंने भारत के रियल एस्टेट को प्रभावित करने वाले मुद्दों पर शोध की है। वे मैनचेस्टर यूनिवर्सिटी में अर्बन इकोनॉमिक्स और रियल एस्टेट के विषय पढ़ाती हैं।
We discuss:
Magical cities
Why are cities more productive?
Are Indian cities dense?
How to improve housing supply?
Issues with FSI constraints
Is the CBD-centric model good or bad?
Why are our urban areas dilapidated?
Vacant lands in cities
Litigations in Real Estate
Lemons in Housing Market
Impact of RERA
Real Estate in China
Rationalisation of building codes
Readings:
Do Mandatory Disclosures Squeeze the Lemons? The Case of Housing Markets in India by Vaidehi Tandel, Sahil Gandhi, Anupam Nanda & Nandini Agnihotri
(csep.org/worki...)
Building networks: Investigating the quid pro quo between local politicians & developers by Vaidehi Tandel, Sahil Gandhi and Alex Tabarrok
(www.sciencedir...)
Too slow for the urban march: Litigations and the real estate market in Mumbai, India by Sahil Gandhi, Vaidehi Tandel, Alex Tabarrok and Shamika Ravi
(doi.org/10.101...)
Related Puliyabaazi about Cities and Urbanisation:
भारत का भविष्य हमारे शहर तय करेंगे। Managing India’s Cities ft. Devashish Dhar, Author
• भारत का भविष्य हमारे श...
एक अच्छे शहर का मतलब क्या है? Urbanisation Done Right.
• Puliyabaazi Ep. 97: एक...
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Guest: @VaidehiTandel
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[@toptraits]

with so much housing development, government should lower registration tax which encourages transaction in black. Sales transparency will benefit everyone.

[@Anish61097]

In Denmark, several real estate apps provide a transparent view of the housing market by displaying the last sold price of all properties on a Google Map. This allows users to drive around, visit different places, and easily find accurate price information. There’s no information asymmetry-everything is clear and accessible to buyers.
In contrast, in Mumbai, it is very challenging to obtain Index 2 information (which contains critical property transaction details) from the government website. The process is often cumbersome and lacks transparency. The government should take steps to make property information more accessible and clear for home buyers, ensuring a fair and informed real estate market.

[@Anish61097]

Thank you for the incredible work you're doing in making economics and reform ideas accessible to everyone in Hindi. Your efforts are truly commendable, and I believe your videos have the potential to shift the Overton Window towards more informed discussions.
One suggestion: Have you considered translating the show into regional languages? It would allow you to reach an even wider audience and ensure that these important ideas resonate with people across different parts of the country. I hope this small feedback helps in making an even bigger impact!

[@puliyabaazi]

Thank you for your kind comment. Please do share our work with your friends and family. :) - Khyati