State government of Maharashtra will allot 800 hectare of revenue land to achieve the target of affordable housing in the area under housing for all scheme by 2022. According to the source, the government has earmarked around 355 hectare land on the outskirt area of Mumbai. The government has set an initial target of constructing 1.41 lakh houses for Mumbai region in first phase.
According to the source, CM Devendra Fadnavis urged officials to expedite the housing projects area-wise. Currently various housing scheme are underway to increase the housing stock to fulfill the demand and supply of housing in Mumbai and its outskirts area.
Towards encouragement of construction of more affordable housing units especially for economically weaker sections (EWS) and lower-income groups (LIG), the state government has decided to provide a slew of concession to government and semi-government agencies who are participating in the implementation of these projects.
According to the information, the government plans to offers its land at a nominal rate of one rupee per square meter for the projects approved under the Centre government’s Pradhan Mantri Awas Yojana.
The state will extend this concession to all government and semi-government agencies such as urban local bodies, the Maharashtra Housing and Area Development Authority, Shivshahi Punarvasan Prakalp Ltd, City and Industrial Development Corporation and so on.
According to the statement of senior housing department official, all incentives will only apply to government and semi-government agencies undertaking these projects themselves through a contractor and not private developers. Further, these will be applicable only for projects under the ‘housing for all’ scheme.” And further he added that the Slum Rehabilitation Authority (SRA) will not get any of these set of incentives as it is only a planning authority and projects are ultimately undertaken by private developers.
However, while offering concessions, the government and semi-government agencies will have to hand over 70 percent profits from houses allotted to people from middle-income and high-income group categories to the state government, the official added. Besides land at highly subsidized rates, the state government has also decided to offer a 50 percent concession in land measurement fees for housing projects for economically weaker sections and lower-income groups.
Meanwhile the official of housing department said that the state urban development department will also notify these projects under the Maharashtra Regional Town Planning Act for a concession in development charges, which is currently given only for health and educational projects.
The state cabinet has also decided to reduce stamp duty for the first allotment of tenements less than 30 square metres built under the ‘housing for all’ policy to Rs 1,000.