Financialization of Housing in India – Boon or Bane?
India faces a peculiar situation where homes lie vacant and held as a form of speculation whilst housing is not available to the needy. Financialisation has led to overvaluation of the underlying asset without any change in the utility/ productive value of the underlying asset. While housing sector needs financial resources, financialisation can be beneficial if and only if there is a strong regulatory and governance framework in place.