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PRODID:-//Indira Gandhi Institute of Development Research - ECPv4.1.2//NONSGML v1.0//EN
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X-WR-CALNAME:Indira Gandhi Institute of Development Research
X-ORIGINAL-URL:http://www.igidr.ac.in
X-WR-CALDESC:Events for Indira Gandhi Institute of Development Research
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DTSTART;TZID=Asia/Kolkata:20200617T160000
DTEND;TZID=Asia/Kolkata:20200617T170000
DTSTAMP:20260408T065910
CREATED:20200615T063215
LAST-MODIFIED:20200615T063215
UID:9858-1592409600-1592413200@www.igidr.ac.in
SUMMARY:IGIDR Webinar: Too Slow for the Urban March: Litigations and Real Estate Market in Mumbai\, India
DESCRIPTION:Speaker:  Dr. Vaidehi Tandel\, IDFC Institute\, Mumbai\n \nDate & Hour:  17 June 2020\, 4:00 pm\n\nTitle:  Too Slow for the Urban March: Litigations and Real Estate Market in Mumbai\, India\n \nAbstract:  We use data on the universe of 3\,000 ongoing formal real estate projects in Mumbai to show that 30 percent of the projects and around 50 percent of the built-up space is under litigation. On average\, construction takes around 8.5 years to complete. This paper investigates the causal relationship between litigation and completion time of real estate projects in Mumbai. Even after controlling for experience of the developers\, we find that litigated projects take 20 percent longer to complete. We address our endogeneity concerns\, using an instrument - the neighborhood’s propensity to sue\, and find that litigation increases time taken for completion a project by 58 percent.
URL:http://www.igidr.ac.in/seminars/igidr-webinar/
LOCATION:IGIDR\, Santosh Nagr\, Goregaon East\, Mumbai\, 400065\, India
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