Govt to build 10L affordable houses at Rs 5000cr
Times of India, June 11, 2009, Page 11
Mahendra Kumar Singh TNN
New Delhi: With President Pratibha Patil setting up an ambitious target of making India slum-free in five years, the housing ministry has launched a new scheme — Rajiv Gandhi Awas Yojana with an initial budget of Rs 5,000 crore. It aims to construct 10 lakh affordable houses.
The scheme, which envisages extending financial support under JNNURM to states “that are willing to assign property rights” to people living in slums, will dovetail existing schemes for affordable housing.
Under the scheme, being vigorously pushed by housing minister Kumari Selja, Centre will encourage states to increase the supply of land and construct 10 lakh affordable houses in the first phase by giving a grant of Rs 50,000 for every dwelling unit (EWS/LIG and MIG) or bearing 25% of the cost of all civic services proposed in the housing project.
“The central allocation will be partly to implement the project as well as an interest subsidy to enable people to actually buy these houses,” an official said. In order to get central funds, projects should have houses ranging from 300 sq ft to 1,200 sq ft plinth area built at affordable rates on land provided by state governments. A minimum of 25% houses of 300 sq ft will be compulsory for economically weaker section in each project to be allotted by the government.
Times of India, June 11, 2009, Page 11
Mahendra Kumar Singh TNN
New Delhi: With President Pratibha Patil setting up an ambitious target of making India slum-free in five years, the housing ministry has launched a new scheme — Rajiv Gandhi Awas Yojana with an initial budget of Rs 5,000 crore. It aims to construct 10 lakh affordable houses.
The scheme, which envisages extending financial support under JNNURM to states “that are willing to assign property rights” to people living in slums, will dovetail existing schemes for affordable housing.
Under the scheme, being vigorously pushed by housing minister Kumari Selja, Centre will encourage states to increase the supply of land and construct 10 lakh affordable houses in the first phase by giving a grant of Rs 50,000 for every dwelling unit (EWS/LIG and MIG) or bearing 25% of the cost of all civic services proposed in the housing project.
“The central allocation will be partly to implement the project as well as an interest subsidy to enable people to actually buy these houses,” an official said. In order to get central funds, projects should have houses ranging from 300 sq ft to 1,200 sq ft plinth area built at affordable rates on land provided by state governments. A minimum of 25% houses of 300 sq ft will be compulsory for economically weaker section in each project to be allotted by the government.
Posts
No comments:
Post a Comment