‘Vision Maharashtra – Housing for All by 2022 Conclave held
Cumbersome Rules need to be amended to make Affordable Housing a Reality, Chief Minister Devendra Fadnavis said at the NAREDCO conclave at Mumbai
Apr 22, 2015
Source : Gharabari.com
Devendra Fadnavis, Maharashtra CM


MUMBAI: Maharashtra Government will do the necessary amendments in the law to facilitate execution of affordable housing for the millions of people across the State, in line with the Centre’s much touted vision “Housing for All by 2022”, Chief Minister Mr Devendra Fadnavis said at the conclave ‘Vision Maharashtra – Housing for All by 2022 on Wednesday, being hosted by NAREDCO (National Real Estate Development Council) – a body the aegis of the Union Ministry of Housing and Urban Poverty Alleviation.


Fadnavis called upon the developer community to work closely with the government and build low cost houses for the poor and lower middle class. “We have taken the issue very seriously and are committed to implement it,” he said, adding further that, “We will make the laws flexible and I am ready to face criticism.”


“Cumbersome laws and taxation must go to help developers but ultimately this should lead to affordable housing. In this context, the new development control rules (DCR) for Mumbai will ensure that the discretionary powers of officials are reduced to the minimum and the entire process becomes transparent,” he said addressing to the delegates.


Referring to the just trashed DP (development plan) for Mumbai, Fadnavis said, “It had large scale and blatant errors and provisions that would help only few individuals. He asked the BMC to rectify the mistakes and publish the DP again.” He clarified that till the pendency of the new plan, the old plan of 1991 would be in force. The government however adhere to the principle of following “strictest of the two” (old and new) rules and ensure that no one takes undue advantage. About the Pune DP, which has been pending for eight years, he said a three-member committee has been appointed to expedite the process of finalizing it.


“The government’s target of housing for all by 2022 is a gigantic task. We from developer’s side would like to commit ourselves to do whatever possible to ensure that the target is met,” NAREDCO President Sunil Mantri said.


“Housing, which is a highly labour intensive sector and has the potential to generate large-scale employment in the Country, should have the requisite reforms like; single-window clearances for speedy execution of projects, adhoc approvals within 72 hours of submission of plans, easy finance for developers and home buyers and increased FSI for Affordable Housing et al”, Mantri added.


Speaking on the occasion, State Housing Minister Prakash  Mehta proposed that the government could reduce premiums to be paid on FSI and TDR and make lands available to developers who in turn could give a certain percentage of  buildings free of cost to the government. The Government would in turn sell them at low cost to the poor and the money thus recovered would wipe out the Rs 3.5 lakh crore financial burden the government has inherited from the previous regime. He further said that, the government is keen to create green channels for speedy clearances of housing projects meant for the poor.


“The process of bringing housing to one and all can only become a reality with the active participation of all government bodies, developers and policy makers”, Niranjan Hiranandani, Chairman - Conclave Committee, NAREDCO said on the occasion.


Arvind Mahajan, Head, Infrastructure and Government Services, KPMG, the knowledge partner of the Conclave, said in his presentation that Maharashtra would need 100 lakh houses by 2022 with 50 lakh each from rural and urban areas. This would require an investment of 215 billion dollars.


Over 600 delegates from all over the country participated in the conclave including representatives of the Central and State governments, State Development authorities and Housing Boards, besides real estate promoters, developers, banking and housing finance institutions, foreign direct investors, private equity players and town planners. Several corporate honchos from the construction and urban infrastructure industries, urban planners, top developers, private equity firms, housing finance companies and banks also joined and shared their thoughts at the conclave.


A KPMG Research Report on Maharashtra's Redefining Urban Growth at NAREDCO Conclave was also released during the conclave. 


Picture 1 - From L to R: Rajan Bandelkar - VP West, NAREDCO; Shri Devendra Fadnavis - Honourable Chief Minister Of...

Posted by Gharabari.com on Wednesday, April 22, 2015

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