After land provision, additional FAR, tax exemption, financial aid to the buyers and advanced infrastructure status now centre is not living no stones unturned to promote the affordable housing sector under PMAY. The objectives behind affordable housing development are to wipe out illegal occupancy and providing homes for economically weaker section of the society. Right now along with the speedy development process infrastructural growth is also needed in parallel.
Places that have been allotted for the affordable housing development are either remote suburbs or the peripheral areas of the urban towns. Here a point should be kept in view that raising development at remotes areas might be easy for the land disbursement but at the same time it’ll increase the day-to-day basis transport cost for the residents. Affordable housing belt in States like- Bihar, UP, Tamil Nadu and Andhra Pradesh are developed around their working places. This way the cost of the transport can be under control form the residents’ viewpoint.
Reportedly, alike many other major cities affordable flats in Kolkata is also in pipeline and hardly there’s any advancement observed in last few years. Reinforcing the success of Smart City Challenges, now the government is planning to come up with a ‘housing challenge’ to again promote the affordable housing sector under PMAY flagship. The idea behind this ‘housing challenge’ concept is to deploy most economical technology for affordable housing development purpose. Central government has already chosen 25 of such cities across the country, where the government want to introduce this pilot project. The National Buildings Construction Corporation (NBCC) is assigned to prepare the required models for this challenge.
The officials said that challenge will require participants to propose their respective method of technologies that would satisfy the core objective of this challenge effectively. The proposal will have to look at the number of total residential units planned inside a housing compound and financial models suitable for the same as declared by NBCC. Picking up the industrial belts for affordable housing development purpose is one of the methodical moves by the government to increase the demand of affordable housing as well as increasing the job opportunities of the LIG and EWS classes which includes 300 towns and cities of the country. It’s significant to be highlighted that the difference between LIG and EWS apartments is EWS apartments are for people, whose monthly income is lesser than 5000 and LIG apartments are for those, whose monthly income is between 5000-7500.
Renowned developers that have already enter into affordable housing development are-Essel Group, DBS Communities, Tata Housing, Mahindra Lifespaces and Vastushodh Projects etc. Experts, think that this new-age construction techniques will provide quality and standard architecture for homeless and economically weaker section of the society. It’s expected that with all these initiatives government will turn into affordable housing a sector a popular sector for investment. Affordable housing sector happens to be the only sector where a minimal amount of investment can get you a healthy return than your anticipation. NBCC has proposed several (Public Private Partnership) PPP models by far.
-LNN (Liyans News Network)
Places that have been allotted for the affordable housing development are either remote suburbs or the peripheral areas of the urban towns. Here a point should be kept in view that raising development at remotes areas might be easy for the land disbursement but at the same time it’ll increase the day-to-day basis transport cost for the residents. Affordable housing belt in States like- Bihar, UP, Tamil Nadu and Andhra Pradesh are developed around their working places. This way the cost of the transport can be under control form the residents’ viewpoint.
Reportedly, alike many other major cities affordable flats in Kolkata is also in pipeline and hardly there’s any advancement observed in last few years. Reinforcing the success of Smart City Challenges, now the government is planning to come up with a ‘housing challenge’ to again promote the affordable housing sector under PMAY flagship. The idea behind this ‘housing challenge’ concept is to deploy most economical technology for affordable housing development purpose. Central government has already chosen 25 of such cities across the country, where the government want to introduce this pilot project. The National Buildings Construction Corporation (NBCC) is assigned to prepare the required models for this challenge.
The officials said that challenge will require participants to propose their respective method of technologies that would satisfy the core objective of this challenge effectively. The proposal will have to look at the number of total residential units planned inside a housing compound and financial models suitable for the same as declared by NBCC. Picking up the industrial belts for affordable housing development purpose is one of the methodical moves by the government to increase the demand of affordable housing as well as increasing the job opportunities of the LIG and EWS classes which includes 300 towns and cities of the country. It’s significant to be highlighted that the difference between LIG and EWS apartments is EWS apartments are for people, whose monthly income is lesser than 5000 and LIG apartments are for those, whose monthly income is between 5000-7500.
Renowned developers that have already enter into affordable housing development are-Essel Group, DBS Communities, Tata Housing, Mahindra Lifespaces and Vastushodh Projects etc. Experts, think that this new-age construction techniques will provide quality and standard architecture for homeless and economically weaker section of the society. It’s expected that with all these initiatives government will turn into affordable housing a sector a popular sector for investment. Affordable housing sector happens to be the only sector where a minimal amount of investment can get you a healthy return than your anticipation. NBCC has proposed several (Public Private Partnership) PPP models by far.
-LNN (Liyans News Network)
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