Household Savings and Residential Mobility in Informal Settlements in Bhopal, India

Somik Lall, Ajay Suri and Uwe Deichmann
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Ajay Suri: Society for Development Studies, Core 6A, 2nd Floor, India Habitat Centre, Lodhi Road, New Delhi-110003, India, ajaysuri@sdsindia.org

Urban Studies, 2006, vol. 43, issue 7, 1025-1039

Abstract: 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.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:43:y:2006:i:7:p:1025-1039

DOI: 10.1080/00420980500406744

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