IGIDR Roundtable on Land and access to finance

2nd November, 2017
Seanza hall, Indira Gandhi Institute of Development Research, Mumbai

The average Indian household holds 77% of its total assets in real estate (Report of the Household Finance Committee (2017)). Anecdotally, land and other fixed assets constitute a significant proportion of secured lending in India. Despite this, India has made little progress in developing a well functioning land market. The land market in India continues to suffer from transfer barriers, poor infrastructure and opaque pricing. Research shows that the land allocation in India is "barely better than random at best, and probably worse than random".

This workshop will bring together experts who have worked in the field on issues relating to land to discuss questions relevant for the development of a well functioning land market for India. The audience includes academics, participants from civil society, real estate lawyers and policy makers who have worked on land related issues before. The papers/ presentations will focus on the elements necessary for setting up a land market to allow people to efficiently use land for accessing finance.


9:30 - 9:45 Opening Remarks
Bhargavi Zaveri, IGIDR Finance Reasearch Group
9:45 - 10:30 Setting up the infrastructure for a land market: A case-study of digitalisation of land records in Maharashtra
Diya Uday, IGIDR Finance research Group
Discussant: Suyash Rai, NIPFP
10:30 - 11:15 Collateralisation of land by households in India
Sudha Narayanan, IGIDR
Discussant: K.P.Krishnan, Ministry of Skill Development and Entrepreneurship
11:15 - 12:45 Title insurance: An alternative to conclusive titling?
Anirudh Burman, NIPFP
Discussant: Gausia Shaikh, Finance Research Group
12:45 - 13:00 Panel discussion: Roadmap for a land market in India
Shreya Debb, Omidyar Network
K P Krishnan, Ministry of Skill Development and Entrepreneurship
Anand Barun Mitra, Liberty Institute
Venkatesh Panchapagesan, IIM Bangalore
Jagdeesh Rao, Foundation for Ecological Security
Ajay Shah, NIPFP (Moderator)
13:00 - 13:15 Closing Remarks
Susan Thomas, IGIDR Finance Research Group
13:15 - 14:00 Lunch