ICFAI Special Edition, 2008
19 Pages Posted: 30 Jun 2009
Date Written: June 30, 2009
Even as far as 30 years ago a UN expert committee had stated that the way to decongest urban concentration was by reverse migration of people from urban to rural centers; that could be possible only through long term planning and infrastructure development which will drive the population towards the less congested rural areas, where land and cost of living is less expensive and the air, the living conditions and the hygiene are healthier. Also finding a house for rent at an affordable rate is becoming increasingly difficult in the booming metropolis with real-estate brokers ruling the roost and imposing their terms. Full-time brokerage agencies have gained monopoly over part-time brokers in the city and its outskirts which have witnessed several Information Technology companies, industries and auto giants setting up their facilities for the last few years.
Keywords: Real Estate, housing, rural urban, housing in india
JEL Classification: G14
Suggested Citation: Suggested Citation
Ravichandran, Dr. Krishnamurthy and Parthasarathy, Sriraman, Shift from Urban to Rural - Pros & Cons - Indian Housing Industry: An Overview (June 30, 2009). ICFAI Special Edition, 2008. Available at SSRN: https://ssrn.com/abstract=1427702