Affordable housing projects

Q: Why the builders are not interested in developing the affordable housing projects?

Sreyansh, Noida

27th April 2012

Real estate News in Mumbai

affordable housing projects

builders interest

maharashtra government

affordable housing in mmr

housing for all by 2022

chief minister devendra fadnavis

infrastructure development in mumbai

national real estate development council

development control rules for mumbai

reduction in fsi-tdr premiums

affordable housing for the lower-middle class

housing minister prakash mehta

infrastructural development of mumbai

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Replies (8)

Hi Everybody,
It is heard that the Maharashtra government would also emphasis on developing infrastructure and the 3000 km long state highways that would be developed as national highways. He ask for the developers group to join hands with the government in building a new Maharashtra. Is it right?

Kaushik Bardia,

24th April 2015

Comment

Right Kaushik,
For that our Industry Minister Subhash Desai named for a nodal agency to synchronize between different state and central agencies like public works department and railways in the development of Mumbai and direct to make structure of operations for the best interest of the city.

Shantanu Kumar, Mumbai

24th April 2015

You all are right but now the affordable homes in Mumbai may not be a distant dream. As Maharashtra Government has been concerned on giving affordable housing. As per the the Maharashtra government, they 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", 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

Comment

Maharashtra CM was speaking at a conference on "Vision Maharashtra - Housing For All by 2022" organized by National Real Estate Development Council.

As per the Maharashtra CM, they have taken this issue very seriously and are fully commited to apply it. Govt. will make the laws versatile and he am ready to face criticism.

Shrikant Kejriwal, Mumbai

23rd April 2015

@Shrikant,
He also said that challenging laws and taxation must go to help the developers, but finally that should also result in affordable housing stocks.

But as per him, the new offered Development Control Rules for Mumbai would make sure that the optional powers of officials are decrease to the minimum for increased visibility.

Shantanu Kumar, Mumbai

23rd April 2015

Hope for the best Shantanu,
Even the Housing Minister Prakash Mehta recommended a decrease in FSI-TDR rates to make land available to developers in return for a specific percentage of free homes to the government, which could be sold at low prices to the poor classes.

At the same time , through this, the govt could eliminate its Rs.350000 crore financial debt pressure got from the past program.

Rajatrawal, Mumbai

23rd April 2015

Hi All,

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

Comment

Hi Shantanu,
As per the Finance Minister Sudhir Mungantiwar, state government would also emphasis on developing infrastructure and the 3000 km long state highways would be developed as national highways. FM asked the developers community to join hands with the government in building a new Maharashtra.

pradyumanapte, Mumbai

23rd April 2015

MCHI said that the state govt. is not helping the builders for constructing affordable housing and the govt. officials are blaming the builders.

konkon, Chennai

27th April 2012

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Hi all, as far as I know even there's a rule of reservation that 20% project should be for affordable housing. Then still why are the builders giving excuses.

Sreyansh, Noida

27th April 2012

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Builders are of the opinion that the construction of 20 percent affordable housing will increase the cost of construction for the remaining 80 percent of the project.

Prakhar, Ahmedabad

27th April 2012

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