A Rs 2-L cr plan to house ‘slumdogs’
The Economic Times, August 12, 2009, Page 1
Rajiv Awas Yojana To Build 50 L Homes In 5 Yrs
Sanjeev Choudhary & Bhanu Pande, NEW DELHI
THE government will kick off a massive scheme to rid India of slums and give property rights to slum dwellers while redeveloping the land into valuable real estate that would add to the nation’s economic growth.
Turning the conventional wisdom that urban real estate plus politics equals dirty money on its head, the government plans to build
50 lakh dwelling units in five years across 400 towns and cities, in its most ambitious plan ever to house 6 crore slum dwellers and realise the vision of a ‘slum-free India’.
The programme could free up thousands of acres of valuable government land across the country and generate business worth crores of rupees for real estate developers.
The ministry of housing and urban poverty alleviation has sought an allocation of Rs 2,25,000 crore—over onefifth of the total budget expenditure for the current fiscal—for the entire scheme, said a senior ministry official involved with the preparation of the proposal that has been sent to the Planning Commission.
The programme, named Rajiv Awas Yojana, draws from the experience of the government in housing the urban poor under the ongoing Jawaharlal Nehru National Urban Renewal Mission, and is touted as “the first sincere attempt to rid India of slums”.
The Economic Times, August 12, 2009, Page 1
Rajiv Awas Yojana To Build 50 L Homes In 5 Yrs
Sanjeev Choudhary & Bhanu Pande, NEW DELHI
THE government will kick off a massive scheme to rid India of slums and give property rights to slum dwellers while redeveloping the land into valuable real estate that would add to the nation’s economic growth.
Turning the conventional wisdom that urban real estate plus politics equals dirty money on its head, the government plans to build
50 lakh dwelling units in five years across 400 towns and cities, in its most ambitious plan ever to house 6 crore slum dwellers and realise the vision of a ‘slum-free India’.The programme could free up thousands of acres of valuable government land across the country and generate business worth crores of rupees for real estate developers.
The ministry of housing and urban poverty alleviation has sought an allocation of Rs 2,25,000 crore—over onefifth of the total budget expenditure for the current fiscal—for the entire scheme, said a senior ministry official involved with the preparation of the proposal that has been sent to the Planning Commission.
The programme, named Rajiv Awas Yojana, draws from the experience of the government in housing the urban poor under the ongoing Jawaharlal Nehru National Urban Renewal Mission, and is touted as “the first sincere attempt to rid India of slums”.
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