Affordable housing lacking in the country

Q: Will this effect the real estate sector?

Sreenath, Bangalore

25th September 2012

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affordable housing

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chief minister devendra fadnavis

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

amendment in affordable housing rules

affordable housing in mumbai

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Replies (6)

Gud to know Shantanu,
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.

Nikhil Kanetkar, Pune

25th April 2015

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The are so many promises made by our state govt. but still pending. Hope this will get quick approval & instant implementation. 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.

Joydeep D,

24th April 2015

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You are right Keerthi,
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

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Gr8 to hear but at the same time we expect for instant implementation Shantanu......

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.

Puneet Laskar,

24th April 2015

At the same time he also said that the 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

24th April 2015

Hoping for the best 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.

Puneet Laskar,

24th April 2015

Hiranandani Constructions has recently been directed by the High Court to build 3,100 affordable homes in Powai.

sai, Bangalore

25th September 2012

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According to sources, lack of adequate enabling infrastructure in residential areas and rising land prices are making it hard for realtors to enter the segment.

keerthi, Bangalore

25th September 2012

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