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Inclusive Housing – Regulatory and Policy Framework NHB-APUHF International Conference, New Delhi, April 11, 2013 Subrata Dutta Gupta, Principal Financial Officer, IFC. Presentation Outline. A. Providers Some Questions IFC and Affordable Housing. B. C.
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Inclusive Housing – Regulatory and Policy Framework NHB-APUHF International Conference, New Delhi, April 11, 2013 SubrataDutta Gupta, Principal Financial Officer, IFC
Presentation Outline A Providers Some Questions IFC and Affordable Housing B C
Some questions on Regulatory & Policy Framework We can talk of many but for the sake of focus let us consider only seven: • How best can land be made available in the peripheries of metros and large cities at affordable prices? • Can we take a relook at our building codes? – with technological advancement it is now globally proven that we can reduce construction costs without compromising on any standard=> better affordability across the spectrum and larger number of units produced • Delays in obtaining clearances by developers only leads to increased costs – can we work with one state government to try to see how the clearances process could be expedited?
Some questions on Regulatory & Policy Framework • Could we accord an “Infrastructure” status for Affordable Housing • How do we revive the securitization market and introduce other market instruments which will ensure a steady and sustainable supply of long term funds? • Rental Housing on a large scale can act as huge boon for many – migrant workers, students. How do we promote significant development in this space? • With increasing global warming, what do we as practitioners do to promote the development of “green” buildings across all price ranges?
IFC’s Housing Finance Strategy for South Asia Region • Advisory Services has led the way in unlocking market potential across the housing ecosystem. • Through stakeholder engagement, IFC partnering with NHB (regulator) across a range of advisory and investments. • IFC has emerged as a market leader in promoting demonstration investments in the affordable housing sector; the last 2-3 years has seen emergence of 5-6 HFCs focused on LMI segment. IFC is exploring investments in private developers. • IFC is attempting to bridge the gap between public-private, developer-financier and regulator-practitioner.
Thank You SubrataDutta Gupta Principal Financial Officer and Head – IFC, Kolkata Tel. +9133 4401 1011 E-mail:SDuttagupta@ifc.org IFC – Kolkata Office 2nd Floor, Mani Boutique 4A, NandlalBasuSarani(Little Russell Street) Kolkata – 700071Tel: +91 (33) 4401-1000 Web: www.ifc.org