Sahil Gandhi
@gandhisahil.bsky.social
Assistant Professor, University of Manchester @OfficialUoM Urban Economics | Real Estate Economics | India
#econsky #urbanecon @arpitrage.bsky.social @vaidehitandel.bsky.social @amineouazad.bsky.social @jeffrlin.bsky.social @sandipz.bsky.social
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Do mandatory disclosures squeeze the lemons? The case of housing markets in India
What is the impact of mandatory disclosures of quality on market outcomes? Does the impact differ across income groups due to a difference in abilitie…
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June 19, 2025 at 1:58 AM
However, land is a state subject and not all states mandate developers to disclose litigation.
6 states + 1UT mandate developers to provide litigation status
16 states and 3UTs don't
We urge other states to also mandate developers to provide litigation status.
6/6
6 states + 1UT mandate developers to provide litigation status
16 states and 3UTs don't
We urge other states to also mandate developers to provide litigation status.
6/6
June 19, 2025 at 1:58 AM
However, land is a state subject and not all states mandate developers to disclose litigation.
6 states + 1UT mandate developers to provide litigation status
16 states and 3UTs don't
We urge other states to also mandate developers to provide litigation status.
6/6
6 states + 1UT mandate developers to provide litigation status
16 states and 3UTs don't
We urge other states to also mandate developers to provide litigation status.
6/6
Disclosure laws in developing countries reduce information asymmetry, market inefficiencies, and unequal access to information among buyers. 5/6
June 19, 2025 at 1:58 AM
Disclosure laws in developing countries reduce information asymmetry, market inefficiencies, and unequal access to information among buyers. 5/6
Decline of prices was highest for buyers in the lowest income quartile and there was no impact on buyers in highest income quartile. 4/6
June 19, 2025 at 1:58 AM
Decline of prices was highest for buyers in the lowest income quartile and there was no impact on buyers in highest income quartile. 4/6
Prices and sales of litigated properties (lemons) fell after the disclosure law was introduced. 3/6
June 19, 2025 at 1:58 AM
Prices and sales of litigated properties (lemons) fell after the disclosure law was introduced. 3/6
In an 2021 Journal of Urban Economics paper we found that Mumbai has 27.3% of projects under litigation. Construction time is 8.5 yrs & litigated projects take longer.
Litigated projects are "lemons"
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2/6
Litigated projects are "lemons"
www.sciencedirect.com/science/arti...
2/6
June 19, 2025 at 1:58 AM
In an 2021 Journal of Urban Economics paper we found that Mumbai has 27.3% of projects under litigation. Construction time is 8.5 yrs & litigated projects take longer.
Litigated projects are "lemons"
www.sciencedirect.com/science/arti...
2/6
Litigated projects are "lemons"
www.sciencedirect.com/science/arti...
2/6
Looks like a great way to end a symposium!
December 26, 2024 at 5:29 AM
Looks like a great way to end a symposium!