THE POLICY EDGE
Opinion

12 November 2025

How Transparency Reset Mumbai’s Housing Market

A simple reform shifted Mumbai’s housing from blind pricing to risk-based pricing, narrowing inequality in the process

Vaidehi Tandel is an Assistant Professor at the University of Manchester. Sahil Gandhi is an Assistant Professor at the University of Manchester. Anupam Nanda is a Professor at the University of Manchester. Nandini Agnihotri is a Research Scholar at the World Resource Institute. 

SDG 11: Sustainable Cities and Communities | SDG 17: Partnerships for the Goals

Ministry of Housing and Urban Affairs MoHUA | Real Estate Regulatory Authority RERA

The discussion in this article is based on the authors’ published research in the Journal of Public Economics (Volume 247). Views are personal.

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