Demand for housing in the Bombay Metropolitan Region

  • Tiwari P
  • Parikh J
  • 8


    Mendeley users who have this article in their library.
  • 13


    Citations of this article.


We estimate the demand function of housing for Bombay Metropolitan Region in a two-step econometric analysis. The first step estimates the hedonic price index for different regions in Bombay, and in the second step the demand for housing is estimated as a function of economic and household characteristics. The results indicate that housing demand is inelastic with respect to income and price. The income elasticities for owners and tenants are around 0.33 and 0.38, respectively, while the price elasticities are -0.21 and -0.75, respectively, for owners and tenants. We also estimate income and price elasticities for different income classes. The paper concludes with policy prescriptions.

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

Get full text


  • Piyush Tiwari

  • Jyoti Parikh

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free