‘Housing for All’ scheme – a relief for urban poor, says Mr.Rajesh Prajapati

 The government’s announcement of the ‘Housing For All’ policy is a very good move by the central government. This will bring relief, especially to the urban poor of the country. 

The relief to builders comes in the form of order to the States and Union Territories to end the requirement for land conversion from agricultural to residential,if the land is already marked as residential in zonal plan. 

Also to ensure time bound clearances for layout approvals and building plans by urban local bodies is extremely positive. I really appreciate the step taken by the central government to take a serious look into the approval process, says Rajesh Prajapati, Managing Director, Prajapati Constructions.

Mr. Rajesh Prajapati - MD,
Prajapati Constructions Limited.

This has come at an appropriate time as there is a growing demand in this particular segment of housing with huge potential for growth. This is therefore a positive step taken towards providing affordable housing to the masses.

Low cost housing can become a reality only if home loan interest rates are reduced, as then it becomes more economically viable for them to buy their home. Low cost housing is the need of the hour. This announcement comes at the right time, and will be of great help to the people who aspire to buy a home within their limited budget. Going forward, this will give a boost to demand for low cost housing.

The mission’s scope will include all 4,041 statutory towns of India. Under the scheme, all the cities and towns will be covered in phase-III. In the first two years of phase 1, it will cover 100 cities and 200 more cities will benefit in the second phase.

This announcement augurs well for people who fall under the Economically Weaker Section (EWS) category and also with annual earning income of up to Rs 3 lakh. In addition to realigning the income criteria, the minimum unit size for EWS housing has also been increased to 30 sq m from the previous 25-27 sq m.

The 4 components of National Urban housing Mission have been dealt with properly. Interest subvention will spur demand, as many people would now become eligible buyers. The Central Government has granted assistance upto Rs 3 Lakhs per person is also a welcome step. It is now to be seen how effectively and transparently it is implemented between states and Union government. 

These grants and assistance packages can boost housing demand and also spur the growth of the housing industry in the country. 

The next big challenge for the government will be to come out with some relief for the Middle income group or the middle class (people earning Rs 50,000 to 2,00,000 per month) who are presently the biggest chunk of buyers, have been completely ignored in this policy. 

 About Prajapati Constructions Ltd:

 Prajapati Constructions Ltd the flagship company of Prajapati Group is a reputed IS 9001 – 2008 certified company incorporated in 1995.  Prajapati Group specializing in premium affordable housing projects has presence across Navi Mumbai and Hyderabad.

The Group has completed over 20 projects in Navi Mumbai and Hyderabad, encompassing over 1 million sq.ft of space and 1500 units of residential and commercial space delivered.

Today brand “PRAJAPATI” stands for quality, aesthetics and tasteful designs, adhering to timely deliveries giving value for money to customers. By adopting fair & transparent business practices and self imposed ethical code of conduct, PrajapatiGroup has succeeded in creating a brand which is associated with Trust. Hence our motto -- TRUST US WE DELIVER. WhilePrajapati Constructions’ main focus is on residential and commercial projects, it is also spread across diverse verticals ranging from constructions and allied businesses to Information Technology.

Prajapati Group – is a member of various associations of repute including MCHI – CREDAI, CREDAI – HYDERABAD, NAREDCO and BANM.

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