Monday, June 21, 2010

Slum redevelopment

Gulzar Natarajan writes:

  • Even from purely economic considerations, it is inefficient to allot property rights to slum dwellers occupying small plots in valuable locations. Such fragmented titles come in the way of unlocking the full value of this prime real estate; it ends up inhibiting socially beneficial economic activity.

  • In these circumstances, the most realistic solution to slum development appears to be constructing in situ multi-storeyed housing on such encroachments. This will also ensure achievement of one of the primary objectives of all slum development programmes: providing dwelling units to the urban poor.

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