Wednesday, February 6, 2013

The Daily Stat: Why There Are So Many Low Buildings in Chennai and Mumbai

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FEBRUARY 5, 2013
Why There Are So Many Low Buildings in Chennai and Mumbai
If India were to allow a moderate relaxation of its draconian building-height limits, consumers at the edge of a typical city would save an aggregate of 106 million rupees, or about $2 million, annually in commuting costs, say Jan K. Brueckner of the University of California, Irvine, and Kala Seetharam Sridhar of the Public Affairs Center in Bangalore, India. Indian planners' decision to restrict buildings to just a few stories, perhaps out of fear of diminishing the quality of urban life, has led to stratospheric real-estate prices, urban sprawl, and long commutes, the researchers say.
Source: Measuring welfare gains from relaxation of land-use restrictions: The case of India's building-height limits
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