Mumbai: Higher density housing in urban areas, encouraging private developers and promoting public-private partnerships (PPP) to ensure efficient land use are some of the measures the government is taking to boost the supply of affordable housing in the state. Proposes. The draft housing policy released by the state housing department states that availing the benefits of the Pradhan Mantri Awas Yojana will be a major strategy.
It focuses on Economically Weaker Sections (EWS), Low-Income Groups (LIG) and Middle-Income Groups (MIG) to address the challenges of ‘Housing for All’ and achieve slum-free goals. Is. Maharashtra,
The draft policy proposes to raise funds through the government budget, financial institutions and innovative financing models such as real estate investment trusts and infrastructure investment trusts. It proposes the formation of a state-level housing fund to be monitored by the housing department to support projects by public authorities, PPP as well as private developers.
It outlines subsidy schemes, tax incentives and other financial benefits for developers and home buyers. It is proposed to adopt BMCPremium rates and installment facility by MHADA, as well as directing corporate social responsibility (CSR) funds to housing projects. In this, it has been suggested to establish CSR-Housing Development Board. It said companies can collaborate with MHADA for co-financing affordable housing projects, providing housing for the homeless and funding skill training programs for construction workers.
According to this, Dharavi The model will be replicated for other slums – like the Special Purpose Vehicle (SPV) set up for Dharavi in a 20:80 ratio (20% equity of government and 80% developer’s equity), SRA will be allowed to set up SPVs for other projects. Permission will be given. , SRA will carry out rehabilitation work directly on public lands and contractors will be appointed through competitive bidding, it is proposed.
The draft policy states that in case of slums on central government land, rehabilitation schemes can be implemented through a joint venture between the Center and the SRA. “Corpus fund may be [made] It is available from the concerned department of Government of India. Organizations of slum dwellers will be allowed to develop slums by using 10% of the area for sale and 20% for public facilities. For redevelopment of slums on private land, the draft policy proposes to pay 25% of the ready reckoner rate to the land owner as acquisition cost.
To expedite redevelopment, it proposes permanent transit camps on salt fields and lands owned by the Mumbai Port Trust and other public bodies.
Urban researcher Hussain Indorewala says any new housing policy would first require a comprehensive survey on the lines of a 2012 central government report to clearly establish the needs of EWS, LIG and MIG. He says, “This document merely lists existing schemes and programs and suggests amendments to them without evaluating the performance of those schemes or analyzing the existing housing situation.”
The government has invited suggestions and ideas before October 3 at housing(dot)gnd-1@mah(dot)gov(dot)in.
