Rental rehabilitation for slum dwellers,
Sep 11, 2012
Source : The Times of India


BHUBANESWAR: In a bid to check the mushrooming growth of slums in the state, the BJD government is planning to create rental housing blocks at an affordable monthly rent of up to Rs 2,000 for the poor.
The recently announced Scheme for Affordable Urban Housing in Odisha-2012 has enunciated that the government shall provide land to the urban local bodies (ULBs) for creation of such housing blocks.
The scheme said government will create two types of rental houses. Those for the economically weaker section (EWS) will be offered for maximum rent of Rs 1,250 per month. The houses for low income group (LIG) will be available at Rs 2,000 per month. The civic agencies concerned will revise the rent from time to time.
The civic bodies will deploy private developers to create such houses with infrastructure such as water supply, electricity, sewerage and solid waste management on land provided by the government at a concessional cost.
The government will allot the rental houses to the identified below poverty line ( BPL), EWS, LIG beneficiaries for a maximum period of one year. The government has kept benchmark of income up to Rs 7,500 per month as EWS and Rs 7,501 to Rs 15,000 as LIG. The civic bodies concerned will get 25 per cent of the rent collected to maintain the housing blocks.
Apart from rental blocks, the government aims to create 1 lakh affordable dwelling units in the cost range of Rs 7.5 lakh to Rs 15 lakh in 10 years for the poor. Odisha State Housing Board ( OSHB) will act as the state level nodal agency for implementation of the scheme, notified by the housing and urban development department recently.
To promote affordable housing, the government has decided to reserve 20 per cent of developed land earmarked for residential purposes in the city development plan for houses under EWS, LIG and lower middle income group (those having income from Rs 15001 to Rs 20,000 per month) categories. All private developers have to reserve 15 per cent units for EWS and LIG housing in plots exceeding 2000 sq meters.
The government will give 100 per cent stamp duty exemption to EWS and LIG houses and 50 per cent to LMIG houses. Besides, the ULBs will give concession in holding tax.
The government has floated three models for developing affordable houses.
Under model 1, all Odisha State Housing Board (OSHB) housing schemes shall earmark at least 60 per cent of the total built-up area for EWS, LIG, LMIG and MIG (middle income group having income from Rs 20001 to Rs 25,000) housing, 15 per cent for each category. In return, the board will get government land at concessional rate.
Under Model 2, any private developer intending to build EWS and LIG dwelling units beyond the mandatory provision of 15% of built-up area can participate under voluntary development plan on private land through competitive bidding. Builders of such projects have to reserve 60 per cent of the built-up area for EWS, LIG, LMIG and MIG housing. In exchange, they will be allowed to use the unreserved portion to commercial usage. There will be no height restriction on such constructions.
Under Model 3, government land will be identified for allotment to private developer for construction of EWS and LIG housing through competitive bidding. At least 75% of dwelling units of such projects shall be utilized for EWS and LIG housing. The developer shall be free to use the balance area in any manner subject to building regulations.
Government plans to roll out the scheme in six cities covered under Rajiv Awas Yojna of Bhubaneswar, Cuttack, Berhampur, Sambalpur, Rourkela and Puri besides Jharsuguda, Jajpur, Kalinganagar, Angul, Balasore and Paradeep in the first phase.
The scheme has evoked mixed reaction from the builders. "It is overall a very good scheme. The stamp duty exemption on EWS housing will boost creation of such houses. Rental blocks will prevent growth of slums," said DS Tripathy, Odisha head of Confederation of Real Estate Developers Associations of India (CREDAI). Real Estate Developers Association of Odisha president Pradipta Biswasray, however, said the policy should have more clarity. "It speaks about rental blocks. But details of how the programme will be implemented is not clear," Biswasray said.

Latest Realty News

Many hurdles to dedicated capital corridor project
Sep 07, 2012
Even as the Tourism and Culture Department is contemplating to create a heritage corridor comprising tourism sites between the Temple City of Bhubaneswar and Pilgrim City of Puri, work on a dedicated corridor project for tourism development within Bhubaneswar is moving at a snail’s pace. This tourism corridor project is a part of the mega-tourist circuit for which the Centre had sanctioned ` 8
Housing in Gujarat may become costlier'
Sep 07, 2012
Ahmedabad: Housing projects in Gujarat may become costlier by 10-15 per cent if rising input costs of material and labour are not reined in in time, the Gujarat Institute of Housing & Estate Developers (GIHED) which represents the construction fraternity said today. The GIHED has sought government's intervention to check the spiralling prices of cement, which they say have risen by Rs 70-85 pe
Land survey to get tech edge
Sep 06, 2012
BHUBANESWAR: Land survey and settlement in the state is going to become hi-tech. The Assembly passed the Odisha Special Survey and Settlement Bill, 2012, on Tuesday after debating it for four days. The Bill states that it shall be deemed to come into force on July 12, 2012. According to the proposed legislation, "survey of a revenue village may be carried out by applying modern technology inclus
Housing projects in Hyderabad decline 75 per cent
Sep 06, 2012
Hyderabad: New residential project launches in the city declined by nearly 75 per cent to 1,500 units in the first half of 2012 over the year-ago period, according to a report by real estate consultant Cushman & Wakefield (C&W). "The total number of new residential units launched was approximately 1,500 units in first half of 2012 compared to over 6,000 new project launches during the same period
Panic among flat buyers as builders send VAT payment notices
Sep 04, 2012
Even as confusion prevails over Value Added Tax (VAT) on property purchased between June 20, 2006 and March 31, 2010, there is panic among flat buyers who have, over the last few days, received notices from developers asking them to pay arrears. While most are not sure about the quantum of payment, others are wondering where they will arrange funds from. A section of flat buyers is also contempla
Developers don't find affordable homes 'affordable'
Sep 02, 2012
Developers could not find the model of affordable housing viable as they used same resources for premium projects and due to rise in cement and steel prices During the slowdown of 2008 and 2009, many big and not-so-big property developers had caught on to the ‘affordable’ phenomenon like never before. Realtors including DLF, Unitech, Tata Housing, Omaxe, Puravankara and Usha Martin, had all ru
Real estate slump hits Punjab stamp duty revenue
Sep 02, 2012
Slowdown in the real estate sector is casting its shadow over Punjab’s revenue collection from stamp duty and registration fee. In the first five months (April-August ) of the current financial year, the state witnessed a decline of 15 per cent in receipts, compared to the same period in the previous financial year. State government data reveal that revenue collected from stamp duty and regist
Regularised, but a lot remains irregular
Sep 01, 2012
In a matter of days, over 40 lakh residents in the Capital are set to acquire a cartographic and legal footprint of their existence with the Delhi government’s decision to regularise over 900 unauthorised colonies in the city. A primary campaign promise in the run up to the assembly elections in 2008, Chief Minister Sheila Dikshit had sworn to regularise more then 1, 600 unauthorised colonies.
Andhra Pradesh gets new land allotment policy
Sep 01, 2012
Hyderabad: After months of delay, Andhra Pradesh government this evening approved the new `Land Allotment Policy-2011' that is expected to put an end to indiscriminate allocation of land. The government was forced to frame the new policy as the allotments made during the tenure of former Chief Minister Y S Rajasekhara Reddy were caught up in scandals. There were allegations that lands were
Revisit SEZ policy to prevent misuse: Parliamentary panel
Aug 31, 2012
NEW DELHI: A Parliamentary panel today suggested the government should revisit the special economic zone (SEZ) scheme to plug loopholes and prevent its misuse. The report of the Public Accounts Committee (PAC), tabled by its chairman Murli Manohar Joshi in the Lok Sabha, said absence of mandatory exports in the SEZ Act has led to misuse of the scheme. The Committee, however, said there is

Latest Realty News Of State

Realty Talk's