Why are developers opposing affordable housing projects in Bhubaneswar?

Q: What is the reason for developers saying 'No' when govt has told them to develop affordable housing projects?

sumit, Mumbai

5th March 2013

Real estate News in Bhubaneswar

bhubaneswar properties

real estate in bhubaneswar

odisha government

Follow Discussion

Also see discussions for

Bhubaneswar Real estate News Real estate News in Bhubaneswar

Replies (3)

Kalki, builders have very less profit and sometimes zero profit with these kind of constructions.. Adding to it they also have to bribe officers for approvals. First of all they have no profit, along with it they have other risks too..

James, Delhi

17th April 2013

Comment

As far as I know, it is good to have affordable rates for houses.. Also govt is trying hard to promote such projects.. then why are developers opposing it?

Kalki K,

17th April 2013

Comment

The government had initiated 'scheme for affordable urban housing in Odisha-2012' which directs developers to reserve 15 percent built-up space for developing residential units for economically weaker section (EWS) and lower income group (LIG). But the developers are of the opinion that it is not feasible and sought for reduction in their contribution to low cost residential projects.

sagar, Kolkata

27th March 2013

Comment