Objective: The objective of this study was to illustrate the nature and pattern of microfinance for housing in India and the challenges and potential of low segment housing finance market. Understanding the overall demand and priority of housing and current housing finance arrangement among low-income groups. Assessing different practices of housing microfinance and the potential market for MFH. Examine the non-MFH credit borrowing pattern and its utilization pattern among low-income households vis-à-vis their nature and type of housing activities.
Analyzing performance of different MFH programme, its impacts, challenges and designing of MFH products. Exploring possible institutional partnership between MFI and other institutions and how up-scaling of housing microfinance will benefit all stakeholders.
Approach: Analysis of secondary data and information: Available secondary data on microfinance for housing from published reports, documents and other literatures were collected and analyzed in Indian context.
- Pilot visit and consultation with different housing finance institutions (HFC, Banks, MFI, NBFC, NGO), apex housing organization. (HUDCO, NHB), low cost housing consultancy agency (Micro Home Solution) and local experts and other key informants.
- Primary field survey: With help of structured questionnaire, specially designed for the study, household surveys were conducted in different sample villages in two districts each in Kerala and Karnataka (mainly to cover MFH clients).
- Interviews with senior executives and other staffs of selected housing microfinance lending institutions and their supporting institutions.
- Focus group discussion in some sample villages and collection of information from some key informants in study areas.
Objective: By understanding the migratory pattern in and around major cities of east dwelling pattern of locals and migrants (housing structure and size, ownership) current real estate activities and trends occupational engagement of dwellers and willingness to invest in housing a 360 degree view of the situation studied from demand as well as supply side.
Approach: Desk Research
- Real estate and agents.
- In-depth interventions with experts, builders/developers and real estate agents.
- Quantitative survey with consumers.