Some seem to think so. Gautam Bhatia's recent article in the Times Of India talks about how government planning (or lack of) has failed Indian cities and the Sharing Economy has the potential to fix that.
"If our cities have lived up to the expectations of our planners, it is because there were none. The current city is merely an agglomeration of accidental forces - migrating labour, entrenched middle classes, daily human toil, public expectation, random division of physical space, and attempts at law and order. "
Bhatia believes that Indian cities should follow China's lead in discouraging private home ownership and instead create rental housing.
"The Indian city needs similar serious physical and psychological measures. Buying a home in the centre of town and private car ownership are now both archaic and unfeasible. The future city can no longer be seen as a collective of purchasable products, but rather, as a service: a dense habitation where all facilities - home, car, office, shop - are available on rent. A permanent place where residence is impermanent. "
Check out the rest of the article here and let us know what you think.