Government will encourage the construction of affordable housing

Q: It is true that government announced the construction of affordable houses are mandatory for the builders. What are the facilities a builder will get in constructing the economical apartments?

Suresh, Chennai

14th March 2012

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chief minister devendra fadnavis

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reduction in fsi-tdr premiums

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housing minister prakash mehta

amendment in affordable housing rules

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Replies (3)

Hi,
The Maharashtra government will change rules and regulations to help in delivery of affordable housing projects for the millions of the state's poor. Making sure that the offered new housing policy would be "pro-people", Maharashtra CM Fadnavis told the developers to work together with the government in its mission to provide affordable housing for the lower-middle class and the poor people.

Shantanu Kumar, Mumbai

23rd April 2015

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The entire real estate industry is looking at the Budget 2012. they want to see the benefits government will provide to enhance the growth of the industry. You can refer 'Government will encourage the construction of affordable housing', the story in commonfloor.com

rajesh.sing2,

14th March 2012

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If the real estate industry gets reduction in service tax, excise tax and VAT on residential projects, that will help the builders to construct affordable housing projects. As the project cost will be reduces by the reduction of tax.

Indranil Ghose, Kolkata

14th March 2012

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