Inclusive Housing – Regulatory and Policy Framework NHB-APUHF International Conference, New Delhi, April 11, 2013 Subrata Dutta Gupta, Principal Financial Officer, IFC 1

Presentation Outline A B C Providers Some Questions IFC and Affordable Housing 2

Various Providers of Housing Finance in India 3

Some questions on Regulatory & Policy Framework We can talk of many but for the sake of focus let us consider only seven: 1.How best can land be made available in the peripheries of metros and large cities at affordable prices? 2.Can we take a relook at our building codes? – with technological advancement it is now globally proven that we can reduce construction costs without compromising on any standard=> better affordability across the spectrum and larger number of units produced 3.Delays in obtaining clearances by developers only leads to increased costs – can we work with one state government to try to see how the clearances process could be expedited? 4

Some questions on Regulatory & Policy Framework 4.Could we accord an Infrastructure status for Affordable Housing 5.How do we revive the securitization market and introduce other market instruments which will ensure a steady and sustainable supply of long term funds? 6.Rental Housing on a large scale can act as huge boon for many – migrant workers, students. How do we promote significant development in this space? 7.With increasing global warming, what do we as practitioners do to promote the development of green buildings across all price ranges? 5

IFCs Housing Finance Strategy for South Asia Region Advisory / Investment Services Regulatory Environment Housing Finance Long Term Funds Construction Finance Supportive Regulatory Environment Policy Intervention Incentives Urban Planning Laws / Regulations Housing Finance Lower and Lower Middle Income segments New Products (HMF) Construction Finance Home Builders Land / Titling Infrastructure Scale Long Term Funds L/T Funding Local Currency Capital Markets Development Advisory Services has led the way in unlocking market potential across the housing ecosystem. Through stakeholder engagement, IFC partnering with NHB (regulator) across a range of advisory and investments. IFC has emerged as a market leader in promoting demonstration investments in the affordable housing sector; the last 2-3 years has seen emergence of 5-6 HFCs focused on LMI segment. IFC is exploring investments in private developers. IFC is attempting to bridge the gap between public-private, developer-financier and regulator-practitioner. 6

IFC – South Asia: Some examples of Housing Finance Projects 7

Thank You Subrata Dutta Gupta Principal Financial Officer and Head – IFC, Kolkata Tel IFC – Kolkata Office 2nd Floor, Mani Boutique 4A, Nandlal Basu Sarani (Little Russell Street) Kolkata – Tel: +91 (33) Web: 8