'Builders to provide affordable houses soon'
Source: The Times of India
Mumbai: The government will soon for builders to provide affordable housing in the city, revenue minister Narayan Rane told the legislative council on Tuesday. He was replying to a calling attention motion moved by the Shiv Sena's Madhukar Sarpotdar and other leaders.
According to Rane, in the new housing policy the government will make it compulsory for all builders to keep 30% space for small flats ranging from 400 sq ft to 600 sq ft. Admitting that homes in the city have become very expensive and it was reflected in the increasing ready reckoner rates, the minister accused builders of inflating rates so that buyers could get higher loans from housing finance companies. Sarpotdar and other MLCs said stamp duty had also increased leading to further rise in prices of flats. The Maharashtra Housing and Area Development Authority (Mhada) has already proposed the construction of homes for the middle and lower-income groups. This, it proposed to do by implementing SRA projects on its plots instead of letting builders develop them. Chief minister Vilasrao Desh-mukh has endorsed this proposal mooted by MHADA vice-president and CEO Dr T Chandrashekar.
Mumbai: The government will soon for builders to provide affordable housing in the city, revenue minister Narayan Rane told the legislative council on Tuesday. He was replying to a calling attention motion moved by the Shiv Sena's Madhukar Sarpotdar and other leaders.
According to Rane, in the new housing policy the government will make it compulsory for all builders to keep 30% space for small flats ranging from 400 sq ft to 600 sq ft. Admitting that homes in the city have become very expensive and it was reflected in the increasing ready reckoner rates, the minister accused builders of inflating rates so that buyers could get higher loans from housing finance companies. Sarpotdar and other MLCs said stamp duty had also increased leading to further rise in prices of flats. The Maharashtra Housing and Area Development Authority (Mhada) has already proposed the construction of homes for the middle and lower-income groups. This, it proposed to do by implementing SRA projects on its plots instead of letting builders develop them. Chief minister Vilasrao Desh-mukh has endorsed this proposal mooted by MHADA vice-president and CEO Dr T Chandrashekar.
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