Housing and Urban Poverty Alleviation: Inclusion of Affordable Housing in Infrastructure List.!


To provide cheaper homes for LIG (lower income groups), the ministry of HUPA (Housing and Urban Poverty Alleviation) is working for the inclusion of affordable Housing in the infrastructure list.

Household Income Limit Up ..!

Minister for HUPA Mr. Ajay Maken said, Oue ministry was taking many steps to increase the outreach of its schemes.In order to provide greater outreach for housing schemes of the government, my ministry has recently revised the income sealing for qualifying for various schemes. 

Now the revised annual household income limit for the EWS (economically weaker section) is enhanced to Rs. 1 lakh from Rs 60,000 and for that of LIG, it is Rs. 2 lakh from the earlier limit of Rs. 1.2 lakh"

"We are also working for the inclusion of affordable housing in the list of infrastructure to provide necessary fillip to this sector" Mr. Ajay Maken said, speaking at a convention organised by the NREDC (National Real Estate Development Council)

Housing Shortage 18.78 million.!

Mr. Ajay Maken said, ''As per the technical committee constituted by my ministry, the shortage of housing stands at 18.78 million out of which 96% is in the EWSs and LIG category.The efforts were needed to be made at the centre, state & private levels to meet this shortage. Banks were finding it difficult to provide credit to EWSs due to a number of reasons."

Mr. Maken also said, ''Housing for the EWSs will make a viable business proposition if private players focused on the economies of scale where larger the quantity, greater will be the cost savings. I urge the private sector to venture in to this realm in a big way"

Real Estate Regulation Bill ..!

"Bringing transparency in the real estate sector is another area of my HUPA ministry which will go a long way in ensuring orderly growth of this sector. We have been working for formulation of a real estate regulation and development bill after getting inputs from all the stakeholders.

A recent Mckinsey report has said that India is capable of unleashing a wave of affordable housing stock, even in the short term" he told.

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