Household Savings and Residential Mobility in Informal Settlements in Bhopal, India
Strategies to address the problem of informal settlements have focused on slum upgrading, sites-and-services programmes and tenure security. There has been less attention on what enables slum-dwellers to transition into the formal housing sector without direct intervention. This paper investigates residential mobility among slum-dwellers in Bhopal, India. One in five households succeeds in leaving a slum settlement and a major determinant is the ability to save on a regular basis. Due to limited outreach of institutional housing finance, most slum-dwellers rely solely on household savings for purchasing a house. These findings underscore the urgent need to improve savings instruments for slum-dwellers and to downmarket housing finance to reach the poorest residents of rapidly growing cities in developing countries.
Year of publication: |
2006
|
---|---|
Authors: | Lall, Somik V. ; Suri, Ajay ; Deichmann, Uwe |
Published in: |
Urban Studies. - Urban Studies Journal Limited. - Vol. 43.2006, 7, p. 1025-1039
|
Publisher: |
Urban Studies Journal Limited |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Household savings and residential mobility in informal settlements
Lall, Somik V., (2005)
-
Information based instruments for improved urban management
Deichmann, Uwe, (2003)
-
Household savings and residential mobility in informal settlements
Lall, Somik V., (2005)
- More ...