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V Indian State urges private developers to undertake affordable housing ... more
   
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Indian state urges private developers to undertake affordable housing
1 October 2010
IndianExpress.com

With the demand for affordable housing in Maharashtra increasing, State Finance Minister Sunil Tatkare has urged private developers to come forward to undertake affordable housing development, either through a public private partnership or private development models.

'Maharashtra has emerged as the favoured destination of private developers for investment especially in the real estate sector. We want more developers to come forward and develop affordable housing as a large number of low income urban population in Mumbai and other major cities in the state is likely to increase in the coming years,' Tatkare said at an event on real estate on Thursday.

He said that the Housing and Urban Development Departments of the State Government have taken various initiatives to encourage development of affordable housing by the private developers.

'MHADA offers FSI of 4 for redevelopment projects under its Slum Rehabilitation Authority (SRA) scheme. Even the MMRDA offers similar facilities to develop affordable housing in the Mumbai Metropolitan Region (MMR). As a facilitator and policymaker, the state government is also working on various options for providing additional FSI to the developers as well as provide certain relaxations at various levels,' he said.

Source : INDIANEXPRESS.COM
 
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