On Monday April 03 a press con has been addressed on the launching of 200 affordable housing projects in Ahmedabad on April 8 by Union urban housing development minister M Venkaiah Naidu. In contribution to our prime minister’s ‘Pradhanmantri Awas Yojna’ of providing affordable housing estate within 2022, Confederation of Real Estate Developers Associations of India (Credai) is about to launch 200 economical projects across India, confirmed by the new CREDAI chairman K Subba Raju.
CREDAI association of Visakhapatnam, Vijayawada, Tirupati and Kurnool are all set with the blueprints to put in central’s affordable housing scheme, said President A. Siva Reddy. According to the president, “The location of the project, the number of units and other details will be worked out in consultation with our national body. The state government had also decided to construct 1.94 lakh houses for the economically weaker sections and our AP chapter will be involved in the project.” In his statement it was highlighted that the increasing cost of inputs like land, steel, cement and labor might be the cause of the price3 hike of these housing estates in the coming days. Speaking about the regulatory, Reddy thinks, complete implementation of RERA and GST can also have impact on cost of the houses.
The mission of providing houses for economically backwards classes will be executed 2015-2022, within which central will provide befitting assistance to Urban Local Bodies through states. It was introduce in June, 2015 aiming of providing 2 crore+ housing estates across the nation. This ‘housing for all scheme’ has been successfully continuing in 200 cities of India. Out of the four metros Kolkata is supposed to be the most preferred metro of the builders for upstanding low budget flats in Kolkata. Already there is radical reduction of EMI under this humongous project for providing housing for LIG of the society. As per the scheme, government will sanction loan up to 600,000 for a period of 15 years of less at subsidized interest rate of 6.5%.
– By LNN(Liyans News Network)