Maharashtra government: Implement Affordable Housing Policy

The Maharashtra government’s affordable housing policy is set to be implemented from April 15, 2012. With a preliminary notification already out, the policy will be implemented after the final notification in a month’s time.

This was decided at a recent meeting between Additional Chief Secretary (Urban Development Department) Mr. T.C. Benjamin and representatives of  CREDAI ( Confederation of Real Estate Developers’ Associations of India) from Pune, Nagpur, Kolhapur, Nashik & Aurangabad.

The affordable housing policy is aimed at promoting the concept of inclusive housing at a time when most developers are opting for luxury housing.

The Maharashtra government in the notification has made it mandatory for all projects on above 2,000 square meter plot of land to reserve 20% of the plot of land or constructed space for small sized housing.

Mr. T.C. Benjamin said,  “The  Maharashtra state has a dearth of such housing and this initiative will help bring about more such houses in residential projects. It will have to be implemented by the builders after April, 2012” 

As 20% of the plot of  land should be reserved, builders expressed reservations about whether it should be in the same area. However, it was decided that they could have a little farther but in the same zone of classification.

Pune CREDAI representative Mr. Satish Magar said “We are open to the policy but had some issues, which we discussed."

Pune builders were represented by Mr. Hemant Naiknavare, Mr. Kishore Wani and Mr. Suhas Mantri. Most of the builders had reservations about having the economical housing on the same campus but agreed to have it a little farther away from their projects.

The rule clearly mentions that in case of sub-division of land measuring 2,000 square meter or more, a minimum of  20% will be handed over to MHADA . For layouts of land more than 2,000 square meter, 20% of the built-up area will be kept aside for affordable housing for the EWS (economically weaker sections) and  LIG (low income groups).

The affordable houses built for this purpose should not have a carpet area larger than 27.88 to 45 square meter. The rule would be applicable to the 26 municipal corporations &  all municipal councils in the Maharashtra state. In a bid to prevent any misuse of the policy, the notification states that developers will not be allowed to amalgamate the smaller flats or land under any circumstances.

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Election results The most obvious is not obvious

"The most obvious is not obvious" I frequently receive calls from clients asking if they should invest a sum of money before the e...