Zerodha boss Nithin Kamath has proposed a solution for Delhi’s air pollution crisis. He suggested linking property prices to the air and water quality in the area. In this system, real estate values would change based on the quality of these environmental factors in the area. He believed this would encourage property owners to improve the environment and work together to make the whole area better.
Sharing his thoughts on X (formerly Twitter), Kamath wrote: “Maybe a property price discount for the quality of air and water is the solution. If economics accounted for this, maybe we would all figure this out. Essentially the air and water quality determines the rate for the property.”
“Also, this would probably turn a property owner into the owner of the place, and better odds of fixing it if working as a group. For example, if I went from owning a property in JP Nagar and caring for it to caring for my layout in JP Nagar and then the whole of JP Nagar, it could have a better outcome,” Kamath added.
He also called for serious consideration of pollution’s impact on urban living and economic structures. His comments were accompanied by a newspaper clipping showing the number of deaths related to air pollution in India which he called worrying.
Also Read:
- 10 Things you should Consider Before Applying For Home Loan?
- 5 Different Ways That Can Help You Reduce Home Loan EMI
- Best banks for home loan
Kamath pointed out that air pollution isn’t just a problem in Delhi but in many urban areas across India such as Mumbai, Chennai, Kolkata and Bengaluru.
Reacting to Kamath’s post, social media users called his idea to tackle pollution innovative. One user wrote, “Linking property prices to air and water quality is an interesting idea. It could incentivise collective action, but ensuring accountability—especially from authorities—would be a big challenge.”
