February 13, 2019

Legitimise informal rental agreements in slums

Vaidehi Tandel, Junior Fellow at IDFC Institute, writes in Hindustan Times on the need to recognise diverse tenurial arrangements for slum housing policies to be truly inclusive:

 

"Reforms for improving the situation have to be designed carefully so that the incentives they create do not lead to a complete breakdown of private ordering or drive rental markets further underground. Rent control-like regulations will be too onerous and will quickly and effectively thwart supply. The ideal reform is providing a foundation of clear property rights in the form of tenure security upon which the transactions and contracts can be built. Tenure security can be of different types, ranging from full property rights to the dwelling — and, therefore, freedom to develop, rent or sell — to partial rights that guarantee protection of slum dwellers against eviction for occupying public or private land and provide eligibility for basic amenities and services."

 

Read the full article here.

Topic : Transitions / In : OP-EDS
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