infonet-economy

Applying multivariable probit models on a large dataset of urban non-slum households, we find that homeownership tenure choice in India is significantly associated with gender, religion and caste. In particular,large households or those headed by women or with larger number of women are significantly more inclined towards homeownership than households of otherwise similar characteristics. Salaried households are the least and self-employed households the most likely to be homeowners. Sikhs and Jains show significantly higher; but Muslims show significantly lower propensity towards homeownership after controlling for other factors. Castes which have been victims of discrimination show significantly higher propensity towards homeownership.