S.B. Dangayach
Managing Director
Sintex Industries Limited

Magnitude of the opportunity : Near Trillion US $ Market

Multiplier Effects:

National income

Capital formation

Jobs

Human dignity

Health quality of life

Enabling Environment conducive to flow of Organized
Private Sector Role

Land policy

Rent control & efficient dispute resolution

Solution centric flexibility at micro level while following
National Building Code & other provisions at macro level

FSI

Construction technology

PPP, consortia formation
Percentage of total
Housing stock
Percentage of social
Housing stock by
Country
Social
Rental
Private
Rental
Pure Public
Sector
Housing
Assoc.
Limited profit/
Non-profit)
UK
20
10
54
46
USA
3
29
31
69
Canada
6
28
34
66
Germany
6
51
18
Some
Republic of Korea
9
35
Some
..

Land use study

Myth of land scarcity

Augmenting land supply for housing

Carrot and stick approach for land – penalty for
land holding and speculation to all segments
including industrial, educational, charitable etc.

Biggest obstacle to rental housing so far.

Easy to overcome constraints by simple exemptions as given
by Govt. of Gujarat.

(a)
Any premises constructed on or after the
commencement of the Bombay Rents, Hotel and
Lodging House Rents Control (Gujarat Second
Amendment) Act 2001(Gujarat 27 of 2001) (Hereinafter
referred to as “the amendment Act”).
(b)
Any existing premises which is self-occupied by the
owner or vacant on or after commencement of the
amending Act, and is let after such commencement.
Easy to do away with it for all prospective transactions all over
the country.

Time to unfreeze

Meeting codal provisions with engineering
advancements and economic feasibilities

Learn from past practices in India (like FSI of
around 4 in Mumbai or substantial freedom in
Hyderabad).

Learn from best practices in other parts of the
world.


Use technology for setting up E-Courts for:

Registration of contracts

Virtual hearings by way of Skype or Video
Conferencing

Delivery of judgments by way of internet
Look at learnings from SARFAESI Act working
effectively for housing finance sector.

House insurance

Credible players

Lawyers

Professionally qualified property agents

Professionally qualified property managers

Several options while meeting technical and
economic specifications

Giving flexibility to land owners to monetize their
holdings so as to balance demand and supply.

Look at different formats like:
 Hostels
 Service apartments
 Prefab houses
 Homes that can be rented by hours, days,
months or years.

Flexibility in building designs and construction

Flexibility in Rent Acts to balance interest as in
case of automobiles

Tax equalization on owned or rented premises

Tax free bonds like Vikas Patra

Delivery of subsidy through Aadhar in cash while
keeping LIG.

Open minded and out of box approaches

Conversion of land into demand and need based
housing solutions

Boldness in thinking and action