A memorandum of understanding (MoU) has been signed between Maharashtra Chamber of Housing Industry (MCHI) and state government of Maharashtra to construct 5.69 lakh affordable housing units in Mumbai.
The MoU was signed in the presence chief minister Devendra Fadnavis, housing minister Prakash Mehta, principal secretary, housing, Shreekant Singh and Dharmesh Jain, president, MCHI-CREDAI.
The main objective to sign this MoU is to take immediate steps to encourage the construction of affordable housing and to address the shortfall of housing in Mumbai Metropolitan Region (MMR). This shortfall of housing in the area can be rise-up by this initiative.
By signaturing the MoU, the Maharashtra government and MCHI-CREDAI have taken a step-forward towards the mission of “Housing for All” of Prime Minister Narendra Modi.
The “Housing for All” mission of PM has an aim to provide housing for every family with the facility of water connection, toilet facilities and access to 24×7 electricity.
Fadnavis envisions that no Mumbaikar will be homeless in the next five years, thus enabling Mumbai and MMR to undergo a complete transformation.
According to the source, the immediate objective of the MoU would be to fast-track the construction of 5.69 lakh affordable housing units (AHUs) in 2016. The estimated cost to construct these housing units is about Rs. 1,10,000 crore.
According to the source, MCHI-CREDAI has committed to make a reasonable endeavor to play the role of a facilitator to its members and encourage the members to take up the construction of such affordable houses within their projects.
MCHI-CREDAI, in consultation with its members, will from time to time make proposals and submit these to the state government, which would be ultimately aimed at promoting the development and construction of AHUs.
The president of MCHI-CREDAI, Mr. Jain quoted that this MoU would go a long way in addressing the issue of an acute shortage of quality affordable housing in Mumbai and MMR, which has been there for long. MCHI-CREDAI has initiated this remarkable step in order to help fulfill the prime minister’s dream of providing housing for all.