The authors outline a Community Land Trust in Mumbai, in which the most significant component is the concept of Dual Ownership—of land separate from the building. Owners of buildings on land are provided with the exclusive use of their land. They own the buildings but not the land. The building’s buyer may be an individual homeowner, a cooperative housing corporation, a non-profit organization or for-profit entity. Land becomes a single separate entity collectively owned by a trust. Land will always be owned by the trust and may never be transferred to the building owner. Therefore, no concept of freehold may exist. The land can be leased to any entity. This approach de-links ownership of land and houses, taking the land off the market and keeping housing affordable.
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