Affordable Housing need to be looked upon as a priority by Govt: Experts
Year 2007 onwards, there has been renewed thrust on the subject, especially by way of awarding incentives to enhance the supply side
Nov 30, 2014
Source :


Bhubaneswar: Despite Odisha had brought out the first “Affordable urban Housing scheme 2012” and a revised scheme “Affordable Urban Housing in Odisha – 2013” that was also published on 26th September 2013, enormous demand-supply gap for affordable housing still exist in the state, experts said on the occasion of a symposium on “AFFORDABLE HOUSING FOR ALL- Challenges and Opportunities” at ‘Enterprise Odisha’ being organized by CII-Odisha chapter here on Saturday.  

The Government of India is taking several initiatives for affordable housing. However, many important issues like Land issues, Financing for affordable housing, lack of proper real estate regulator, legal and valuation issues, tax structure, incentives for private developers, technology & cost factor etc, need to be resolved forthwith by the Union Government, to make it viable for developers to provide housing at affordable cost, according to experts.  

However, year 2007 onwards, there has been renewed thrust on the subject, especially by way of awarding incentives to enhance the supply side. Noteworthy, even in 2012 union budget, low cost mass housing up to an area of 60 Sqmt per unit which are included in the scheme of ‘Affordable Housing’ in partnership are also exempted from Service Tax.

CII’s considered view is that to help augment the enormous demand-supply gap for affordable housing, properly planned and executed integrated townships fully supported by the Government are definitely the answer to India’s especially Odisha’s growing housing woes. Integrated township are efficient means of social integration while offering the necessary infrastructure as it saves commuting time and cost of transport thus offering higher level of comfort.

According to Credit Suisse, the Year 2044 will be a crucial milestone for India when 50 per cent of the country will be urbanized. By 2015, there will be 52 cities in India with more than 1 million people. Therefore, India needs to create an economic succession from its progression to an urbanized nation by immediately implementing the necessary bold policy measures to tackle the poor planning and lack of housing infrastructure, revealed experts.

Real Estate Developers, Banks and Financial Institutions, Housing finance companies, Policy Makers & Regulators, officials from State Government Departments/ Housing Boards, Municipal Corporations, Urban Planners, Township & Apartment Developers, Construction Companies, Contractors, Architects, Input Manufacturers, Funding Agencies & Investment Bankers, Fund Managers& Venture Capitalists, Private Equity Investors including other Stakeholders deliberated their views on the subject.          

Latest Realty News

Black money: CBDT orders probe against select real estate firms
Nov 30, 2014
New Delhi: CBDT has ordered an Income Tax department investigation against a number of real estate developers
Launch of the new logo of Yashada Realty Group held in Pune
Nov 29, 2014
Pune: Yashada Realty Group, a rising star of the realty industry recently unveiled their new corporate identity, logo and website
Builders slam BMC’s diktat on sale of flats on basis of food, other preferences
Nov 29, 2014
MUMBAI: Builders slam BMC's general body resolution, seeking to stall construction permissions if any builder sells flats on grounds of caste, religion or food preferences
Government to set up house panels to probe coop housing societies
Nov 29, 2014
Hyderabad: The state government has decided to set up two joint House committees to probe into the functioning of all cooperative housing societies
HUDA clears dues to 1485 plot owners
Nov 29, 2014
GURGAON: Nearly 1,500 plot holders in Sector 52 heaved a sigh of relief as HUDA administrator Anita Yadav ordered immediate refund of dues to them in compliance with a directive by the Punjab and Haryana high court
Norms for registering flats in Ghaziabad highrises relaxed
Nov 29, 2014
GHAZIABAD: The department of stamps and registration of Ghaziabad has relaxed the norms for registration of flats in high-rise apartments of the city
Bengaluru office spaces grow pricier with hiked guidance values
Nov 29, 2014
BENGALURU: Prices of office spaces in Bengaluru have increased enormously lately, only deep pockets will be able to afford these places
Centre likely to drop plans to introduce land acquisition bill in winter session
Nov 29, 2014
New Delhi: The Centre is likely to drop its plans to introduce the land acquisition amendment bill this session
Realty market seeing no slowdown, says HDFC CEO Keki Mistry
Nov 29, 2014
Mumbai: Housing Development Finance Corporation (HDFC) has seen no reluctance among home loan borrowers and overall sentiment is upbeat
CAG trashes SEZ Policy for diverting land to realty projects
Nov 29, 2014
New Delhi: The CAG has trashed the Special Economic Zones (SEZs) Policy as it has ended up diverting huge tracts of land acquired for setting up manufacturing facilities and generating jobs to real estate projects

Latest Realty News Of State

Realty Talk's