GMADA to Launch Affordable Housing Scheme in 2015

Latest Housing News, Schemes & Projects | By Rajkumar

Greater Mohali Area Development Authority (GMADA) is all set to launch a new affordable housing scheme in Mohali in 2015. The authority has also approved the construction of about 10,000 units in the city. The flats will be constructed in the phased manner and about 2,000 flats have been planned for construction in the first phase.

The flats to be constructed in the first phase will also include one, two and three BHK flats in Mohali sector 65 and 66. The scheme will be launched under the affordable housing policy of Punjab for which “Punjab State Affordable Housing Development Authority” under the Chairmanship of Chief Minister was formed recently for providing affordable housing for all in the state.

The housing scheme in sector 65 and 66 was earlier supposed to be launched by the end of year 2014 but delayed due to some reasons.

The affordable housing authority has set an initial target of building 1 Lakh affordable housing units in the state in next 2 years. The authority will be constructing dwelling units to cater to the housing needs of economically weaker section and lower income group of the society.

The authority has also invited private developers to build affordable houses for the poor to fulfill the shortage of about 12 Lakh housing in total including 10 Lakh in the urban areas. The state government is giving incentives to the private developers for developing affordable housing such as exemption from CLU and EDC charges.

GMADA is currently inviting applications for its Gateway city plot scheme in Sector 118-119 SAS Nagar, Mohali for 417 free-hold residential plots and the last date of the scheme in 15 January 2015.

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