8:30 pm IST - 10:30 pm IST

Past Event

Panel Discussion | Housing, externalities, technology and the long run for global real estate

Friday, December 13, 2019

8:30 pm - 10:30 pm IST

The Taj Mahal Hotel

1 Mansingh Road,
New Delhi

Content from the Brookings Institution India Center is now archived. After seven years of an impactful partnership, as of September 11, 2020, Brookings India is now the Centre for Social and Economic Progress, an independent public policy institution based in India.

As a part of the ongoing initiative studying Affordable Housing at Brookings India, we are hosting a discussion on “Housing, Externalities, Technology and the Long Run for Global Real Estate” with Prof. Richard K. Green.

The discussion will take place on 13th of December, Friday from 11:00 am- 1:00 pm, followed by lunch at the Diwan-i-Khas, The Taj Mahal Hotel, New Delhi.


This presentation discusses the macroeconomic impact of housing construction and house prices, the relationship between housing and agglomeration economies, the balance between positive and negative consequences of rapid urban growth, and how technology is changing industrial, office and retail space.

Speaker’s Profile:

Richard K. Green is a Senior Visiting Fellow, Development Economics, at Brookings India. He is also Director of the Lusk Centre for Real Estate, University of Southern California. He was a principal economist and director of financial strategy and policy analysis at Freddie Mac. He was also a visiting professor of real estate at the University of Pennsylvania’s Wharton School. He was recently President of the American Real Estate and Urban Economics Association. In 2015-16, he served as Senior Advisor for Housing Finance at the US Department of Housing and Urban Development. He has been published in the American Economic Review, the Journal of Economic Perspectives, and the Journal of Urban Economics among others.

Discussant’s Profile:

Sumila Gulyani is the World Bank’s Program Leader for Infrastructure and Sustainable Development in India. In this role, she coordinates the Bank’s work in seven practice areas—water, energy, transport, environment, agriculture, urban and social development—that together have an investment portfolio of about $23 billion in 80 projects. Prior to this, she was Global Lead for Urban Development Strategy and Analytics. From 2012-2014, she served as Manager for Water and Urban Development in Europe and Central   Asia,  overseeing a portfolio of $4 billion in 21 client countries. From 2008-2011, she lived in Kenya and worked on infrastructure and urban projects in six African countries. From 2005-2007, Gulyani was an assistant professor at Columbia University in New York and also served as the founding Director of the Infrastructure and Poverty Action Lab (I-PAL). She is the author of the book, Innovating with Infrastructure, and writes regularly on urban development, water, electricity, transport, and slums.

Chair’s Profile:

Shamika Ravi is Director of Research at Brookings India and a Senior Fellow of Governance Studies at Brookings Institution Washington D.C. Her research focus is on welfare economics, health, gender inequality and urbanisation. Ravi is a visiting professor of Economics at the Indian School of Business where she teaches courses in Game Theory and Social Entrepreneurship. She was also a member of the Economic Advisory Council to the Prime Minister of India. Ravi publishes extensively in peer-reviewed academic journals and writes regular opinion pieces in major newspapers. Her research work has been featured by BBC, The Guardian, The Financial Times and several national and regional newspapers and magazines in India.

The presentation will be followed by a discussion and lunch. We expect the event to be a platform for policymakers, academics, researchers and industry experts to interact and develop synergies in this all-important sector.To participate, RSVP at [email protected].