Credai lauds relaxed reservation norms for LIG housing projects
Sep 07, 2015
Source : Toi

NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) Nashik, has welcomed the decision of the state government to relax the norms in 20% reservation for Lower Income Groups (LIG) in the housing projects coming up on and above 4,000 sq mtrs plot by allowing builders and developers to provide 20% reservations in the same ward. 

Credai Nashik also sought avoidance of a blanket amendment across the state, saying that it should differ according to the city. The state government issued a notification on September 3 that announced the relaxation decision for lower income groups. 

In November 2013, the state government had made 20% reservation mandatory for LIG groups in the potential housing projects on and above 4,000 sq metre plot in the cities having population over 10 lakh. It was also mandatory to the builders or developers concerned to keep the reservation, either in plot or in flats, in the same project. 

The builders' body had opposed for reservation in the same housing project or plot and sought the state to allow them provide reservation at other location. As per the fresh notification by the state, the builders are allowed to provide 20 per cent reservation in the same administrative ward. 

Speaking to TOI, Jayesh Thakkar, president, CREDAI Nashik said, "We had been opposing as it would have created various issues. It was not possible in the project located in a prime location. Moreover, the maintenance of the flats would have not been affordable to the residents. Hence, we had sought the state government to allow us to develop a quota of 20% in other locations within a 2-3 km radius." 

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