Affordable Housing - How Law and Policy Can Make it Possible

New Delhi, February 20, 2010: “Affordable Housing- How law and policy can make it possible”, another research work of Senior Advocate Dr Arun Mohan was launched by Kumari Selja, Hon’ble Minister of Housing & Urban Poverty Alleviation and Tourism, Government of India, today.

Hon’ble Mr Justice R. V Raveendran, Judge, Supreme Court of India presided over the function. Many judges of the Supreme Court and the High Court were present at the function along with Town Planners, Architects, Builders, Developers,Consultants, Experts, Bankers, and other eminent personalities. The research work ‘Affordable Housing’ examines the problemsfaced by housing sector across all its stratas – upper middle, middle, andlower middle in particular and comes up with practical solutions on how costcan be reduced and actual development carried out.

The work points out how 44% of our population which can afford to repay a home loan is ignored by the finance sector. The cost of ownership can be reduced by over 30%, the interest rates (or home loans) can be reduced and those who are treated as unqualified for finance can also be given the finance.

It also informs how a person who is earning a little more than the minimum wage can look forward to purchase his own flat one day.

Wizardly, at law, policy and finances, keeping in view the economic fundamentals and human behavioural patterns, this work covers the problem of housing in its true spirit and is targeted at the policy maker, those concerned with implementing the policy and written in a pattern that even a layman will find it worth it. The book also highlights information and facts a prospective flat buyer, or one taking a home loan, must know.

The ‘crisis of confidence’ between the builder, the flat buyer and the bank financier is sought to be overcome by the concept of a Certifying-cum-Performance Guaranteeing Company (CPG Co.).

The author took time off from his busy practice and conducted this research and creative writing for public service, as housing is a subject where subsequent light should be thrown.

Written from a multitude of perspectives, ‘Affordable Housing’ is a stimulating work written by the renowned Senior Advocate in his inimitable style and clearly demonstrates his ability to fuse the insight on housing from all its perspectives.

Moreover Dr. Mohan plans to bring out the Executive summary in Hindi and other regional languages so that it can be used by the widest section of the society.

The price too is modest for a comprehensive research work, which showcases how the public service element is involved and would be useful for all, including those who one day hope to own a home. It is indeed a masterful and an admirable work in service of society by Dr. Mohan.

For further Information, Please contact:

Hemal Shah +91 98195 97604

Foresight Communications