Shanghai model for Mumbai realty sector
Authorities to focus on providing affordable houses to citizensmumbai Updated: Apr 15, 2016 23:25 IST
As the city is struggling to provide housing to its citizens, it can take a cue from the realty chapter of Shanghai, one of the most-populated cities in China.
Shanghai adopts a multi-dimensional approach to provide houses to its citizens. It includes rental housing schemes, shared ownership, along with the regeneration of old dilapidated structures.
According to Huang Rong, the deputy secretary, general of Shanghai Municipal Committee, the entire focus is to provide affordable houses to the citizens.
“Our focus is on urban housing and we are adopting four methods in this endeavour,” said Rong.
He said the Shanghai authorities ensure adequate supply of land and also build small- and medium-sized apartments to ensure houses for its citizens.
Rong was speaking at the BRICS Friendship Cities Conclave 2016 on “Operationalising Mumbai-Shanghai Sister Cities Cooperation”.
He said Shanghai has been collaborating with various cities like Saint Petersburg, San Polo and Mumbai on various urban issues.
Shanghai, spread over 6,800sqkms, has a population of approximately 24 million. Going by the trend of urbanisation, the rural population tends to shift to urban areas, thus, putting a strain on the urban infrastructure.
In Shanghai, the municipal authorities also tend to subsidise the rents for the poor. Another method is to pull down the dilapidated structures and build new structures in their places.
According to urban planner Pankaj Joshi, the executive director of Urban Development Research Institute (UDRI), in the Mumbai realty scene, the government has not been able to clear the major hurdles and the fundamental flaws in the housing policy still remain.
“The government has neglected public housing for decades and hence this has resulted in shortage of houses,” said Joshi.
“In addition, the Rent Control Act has also resulted in constriction in creation of rental houses,” he added.