To provide cheaper
homes for LIG (lower income groups), the ministry of HUPA (Housing and Urban
Poverty Alleviation) is working for the inclusion of affordable Housing in the
infrastructure list.
Household Income
Limit Up ..!
Minister for HUPA Mr.
Ajay Maken said, Oue ministry was taking many steps to increase the outreach of
its schemes.In order to provide greater outreach for housing schemes of the
government, my ministry has recently revised the income sealing for qualifying
for various schemes.
Now the revised annual household income limit for the EWS (economically weaker section) is enhanced to Rs. 1 lakh from Rs 60,000 and for that of LIG, it is Rs. 2 lakh from the earlier limit of Rs. 1.2 lakh"
Now the revised annual household income limit for the EWS (economically weaker section) is enhanced to Rs. 1 lakh from Rs 60,000 and for that of LIG, it is Rs. 2 lakh from the earlier limit of Rs. 1.2 lakh"
"We are also
working for the inclusion of affordable housing in the list of infrastructure
to provide necessary fillip to this sector" Mr. Ajay Maken said, speaking
at a convention organised by the NREDC (National Real Estate Development
Council)
Housing Shortage
18.78 million.!
Mr. Ajay Maken said,
''As per the technical committee constituted by my ministry, the shortage of
housing stands at 18.78 million out of which 96% is in the EWSs and LIG
category.The efforts were needed to be made at the centre, state & private
levels to meet this shortage. Banks were finding it difficult to provide credit
to EWSs due to a number of reasons."
Mr. Maken also said,
''Housing for the EWSs will make a viable business proposition if private
players focused on the economies of scale where larger the quantity, greater
will be the cost savings. I urge the private sector to venture in to this realm
in a big way"
Real Estate
Regulation Bill ..!
"Bringing
transparency in the real estate sector is another area of my HUPA ministry
which will go a long way in ensuring orderly growth of this sector. We have
been working for formulation of a real estate regulation and development bill
after getting inputs from all the stakeholders.
A recent Mckinsey
report has said that India is capable of unleashing a wave of affordable
housing stock, even in the short term" he told.
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