Government to appoint real estate consultants to develop affordable housing policies for states: HUPA secretary
With a view to give a fillip to the affordable housing segment, the government will appoint real estate experts and consultants to develop state-specific affordable housing policy. Secretary in ministry of housing and urban poverty alleviation (HUPA) Arun Kumar Misra informed this at an event 'Real Estate Summit-cum-Awards' organised by industry body Assocham.
are thinking of engaging large number of experts, consultants, groups
for each individual state and ask them to study various rules,
regulations and laws which decide about building plan approvals and
simplify them as each state is different and they will also help the
state government to formulate an affordable housing policy for the
state,” said Arun Kumar Misra.
central government would largely bear the cost of the appointment of
consultants and it will be seee if the states are also willing to
bear the cost. He further informed that these people will also
develop a software which the state can adopt as it is the fastest way
to get things done.
identify 12-15 important states with huge presence of promoters &
developers and where there is need for a housing stock.”
said that to give further incentive for public housing the ministry
has just sanctioned two schemes which will mobilise money by the
government and institutional sectors to do about two million houses
in next four years i.e. upfront investment and for this government
has earmarked Rs 40,000 crore.
the issue of FDI in real estate sector, the secretary said that
cabinet note has already been circulated and regarding the Standing
Committee Report on the Real Estate (Regulation and Development)
Bill, 2013, the secretary said that first round of discussions is
over and the process is going on.
that land availability is the single biggest bottleneck for the
private sector which has contributed significantly in creating
housing stock in last one decade, the secretary said there is a need
to change the land policies.