Welcoming Union
Housing Minister Mr. Ajay Maken's move to accord infrastructure status to
affordable housing, realtors' apex body CREDAI called for extending similar
treatment to the entire housing sector.
Mr. Lalit Kumar Jain, National President,
CREDAI, "We are happy that the
Centre govt. has come half way through on the developers & customers'
demand for according infrastructure status to the housing sector to facilitate
easy financing & other benefits and to give a much-needed boost to the most
important need of a man after food & water"
CREDAI -
Confederation of Real Estate Developers Associations of India - has above
10,000 members & associations in 20 cities across India.
''CREDAI has been
relentlessly campaigning for infrastructure status for housing sector,
declaring it as an industry and creation of special housing zones with tax
reliefs on the line of SZEZ" Mr.
Lalit Kumar Jain pointed out.
Mr. Lalit Kumar
Jain added, ''The State Government will
take note of Mr. Maken's suggestion to increase FSI (Floor Space Index) limits
so as to encourage housing for slums that sprang up in central locations. We
have been stressing that nobody would like to be displaced from the area where
one has grown up and has his source of income there. Relocating such people -
who are in millions - will only lead to added pressure on the existing
infrastructure like travelling"
50% of Mumbai lives
in slums & the solution to housing shortage is manifold. Mass rental
housing for the benefit of people with transferable jobs & those who can
not immediately buy houses of their own, affordable housing for low income
groups (LIGs) and economically weaker sections (EWSs) with enhanced FSI limits
and special housing zones on the outskirts like Navi Mumbai & Thane and
Mira-Bhayander are some of the solutions that CREDAI has suggested.
CREDAI has also put
forth a plan of action to the government to come with real estate reforms covering
banking & administration. Affordable finance for affordable housing sector
and speedy or / single-window system of clearances, automation of the project
clearance process to eliminate human interaction that causes corruption are
among the steps that CREDAI suggested.
Mr. Lalit Kumar Jain
expressed the hope that the Centre will follow-up with Mr. Maken's welcome move
and announce some pragmatic and practical measures to give boost to the housing
sector.
Housing, along with
construction industry, contributes as much as 11 % to the GDP (Gross Domestic
Production) and supports some 400 industries which can substantially multiply
if supported with proactive policies. Hence revival of housing sector is vital
for rejuvenating the national economy, he added.
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