UP to launch affordable housing scheme; 3 lakh houses by 2016
'Samajwadi Awas Yojna' to benefit medium income group, besides fixing ceiling rates for apartments
Dec 08, 2014
Source : Zeenews


Lucknow: With an aim to provide affordable housing to medium income group in the state, Uttar Pradesh government on Saturday announced to launch 'Samajwadi Awas Yojna' and said that efforts would be made to construct three lakh houses by 2016.

"The cabinet has decided to launch 'Samajwadi Awas Yojna' to benefit medium income group, besides fixing ceiling rates for apartments," Principal Secretary Housing Sadakant told reporters here.

He said that the houses constructed under the scheme will cost between Rs 15 lakh to Rs 30 lakh and that as a policy it has been decided that land use conversion would be free of cost.

"The government has decided to fix ceiling on per square feet rate of the apartments. It will not exceed Rs 3,000 square feet in national capital region, Rs 2,800 per square feet in metro and Rs 2,500 in other cities," he said.

He said that concessions would also be offered, which include rebate in the stamp duty and single window clearance.

He said that the government has also framed bylaws for land use conversion.

"Under this a separate infrastructure fund would be created in which people will know that it will be used for development," he said.

The principal secretary said that the government has also decided to relax provisions under hi-tech township scheme.

On protecting farmers interest, he said that land acquisition law has become more stringent and under it the farmers are to be made stakeholders.

Regarding illegal colonies, he mentioned that a policy would be brought soon.

On a question regarding corruption in government housing authorities, he said that there has been a drop in the accountability, but the government was committed to take action once a report was received.

Sadakant said that the scheme could be implemented in rural areas as well.

Latest Realty News

Plea in HC against diversion of community land in Ghaziabad
Dec 08, 2014
GHAZIABAD: A public interest litigation (PIL) has been filed in the Allahabad High Court by a Ghaziabad residents' body seeking a ban on diversion of land reserved for community facilities
Independent floors: 4 builders get notice, more to follow
Dec 08, 2014
GURGAON: Following an order from the department of town and country planning (DTCP), the district town planner (enforcement)has issued notices to four builders
Survey finds 14,000 acres govt land in capital region
Dec 08, 2014
VIJAYAWADA: As much as 52,000 acres of farm land available, reveals a survey by Andhra Pradesh Govt, where it plans to build its new capital city
High Court directive to DLF to demolish some portions of complex
Dec 08, 2014
Kochi: In a blow to real estate major DLF, the Kerala High Court directed it to demolish certain portions of its apartment complex
Civic staff stay on in unsafe buildings
Dec 08, 2014
Bhubaneswar: The municipal corporation talks of cracking the whip on unsafe buildings but it has failed to convince its own employees to vacate three such dilapidated structures at Mulapadia colony in Old Town
Binny to enter realty business with 75-acre land bank
Dec 08, 2014
Chennai: Binny Limited, merging into itself Mohan Breweries and Distilleries, has set its focus on the real estate and liquor markets, with 75 acres available for the latter
Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 crore
Dec 08, 2014
NEW DELHI: After selling land in Gurgaon for Rs 1,211 crore recently, Sahara group is believed to have finalised two more land parcels deals - one in Mumbai and another in Jodhpur - for over Rs 1,250 crore
Ashiana Housing to invest Rs 750 crore on new projects
Dec 08, 2014
NEW DELHI: Realty firm Ashiana Housing today said it will invest about Rs 750 crore in the next 3-4 years to develop four new housing projects in Haryana and Rajasthan
First of its kind degree in realty management
Dec 08, 2014
Mumbai: The RJ College of Art, Science and Commerce in Ghatkopar has become the first college in the country to offer a degree course in real estate management
NCR flat-buyers push for realty bill this session
Dec 08, 2014
NOIDA: Around 200 flat buyers of Noida, Gurgaon, Faridabad and Ghaziabad staged demonstrations at Jantar Mantar in New Delhi

Latest Realty News Of State

Realty Talk's