PPP model to further push Pradhan Mantri Awas Yojna

By Vikas Vaidya

With an aim to create 22 lakh houses by 2022, various agencies working for the success of Pradhan Mantri Awas Yojna. Now, to push it further Maharashtra Government has come up with a Public Private Partnership (PPP) to be done with landowners. Under the plan, state-run Maharashtra Housing and Area Development Authority (MHADA) will team up with private landowners for the construction and sale of housing units to the persons from the economically weaker section (EWS) and lower income group (LIG). The construction cost is estimated at Rs 2,800 to Rs 4,000 per sq ft. This will make affordable for a middle class family to buy 400 sq.ft house in a costly area like Ramdaspeth in Nagpur in just Rs 12 to 15 lakh.
Chief Minister of Maharashtra Devendra Fadnavis while talking to ‘The Hitavada’ expressed happiness over this development and said, “Construction of house is everybody’s dream and while going for other schemes in PMAY we came up with PPP will give a boost to this scheme. We want to bring more people in this fold. I appeal that people should avail the benefit.”
Under the policy, the state government will acquire land parcels from private owners for affordable housing projects. According to MHADA official, the landowner who applies for this scheme will get Floor Space Index (FSI) will be doubled without paying a single penny. The condition will be if the landowner build houses then he  should give 100 houses to people with Economically Weaker Section (EWS) who will get the subsidy of Rs 2.5 lakh by Government of which Rs 1.50 lakh will come from the Centre and the balance Rs 1 lakh from the state. MHADA is getting proposals. Recently Nagpur MHADA sent the proposal for 1,350 houses. The eligible home buyer can get a long-term loan at 6% per rate of interest.
MHADA at Nagpur has floated tenders and also convened a meeting with CREDAI. Against the backdrop of real estate downfall, the landowners have the opportunity to grow their businesses.
Government has created 8 models out of which 6 models would be set up on public utility land while two would be meant for private land. The department has worked out 65:35 formula wherein MHADA will be selling 65 per cent of the homes through lottery system while the private landowner can sell the balance 35 per cent housing units to EWS and LIG.
The private developers can participate on the model meant for public utility through tenders. The developer offering maximum houses will be eligible. The price of 50% houses built under these models will be fixed by Government as per the prices regulated by MHADA. The Development Control Regulation (DCR), Development Plan (DP) and Real Estate Regalatory Authority (RERA) will be applicable to the housing projects on both types of models.

——-

Comments

Post a Comment

Popular posts from this blog

foreign returned MBBS students not to be admitted in PG in State quota

· By Vikas Vaidya Though Medical Council of India (MCI) has relaxed the rule of giving Eligibility Certificate for the students wanting to study in foreign countries, the troubles have not ended so far. Now Maharashtra Government has refused to give admission in the State quota of Post Graduate intake. Due to severe shortage of MBBS seats in the country, most of the Indian students are opting for medical colleges in China, Russia, Central America, the Philippines among others every year. Getting the degree in these countries is relatively cheaper. A student can complete MBBS abroad in less than Rs 30 lakh. In the state, the student has to pay, apart from the fee, a donation of up to Rs 80 lakh to get a seat in management quota. All this totals to Rs 1.5 crore. Earliers these students had to obtain eligibility certificate from MCI. This data has been obtained from Board of Intermediate Education to verify the age and qualifications for doing MBBS in foreign countries. Now MCI has ...
Read more

City Students develop Live GPS Tracking system - FLEET

Image
City Students develop Live GPS Tracking system - FLEET   Satyajeet Kanetkar, Nilesh Kolharkar, Kapil Kokarde, Sushil Kewlani and Meeta Kalashikar along with the prize.   By Vikas Vaidya Do you remember, in one of the movies of Transporter movie series, heroine has a mobile ladden with Global Positioning System (GPS). The villain keep a track on the path of heroine wherever she goes. The hero realises it and finally throws the mobile outside the car resisting villains from approaching them. On the same lines, a group of students developed GPS Tracking System. This can track the location of mobile phones using GPS Technology. GPS satellites help in positioning of the different GPS receivers on the surface of the earth. Locations are represented in the form of geographical coordinates called Latitudes and Longitudes. Satyajeet Kanetkar, Nilesh Kolharkar, Kapil Kokarde, Sushil Kewlani developed this project under the guidance of Meeta Kalashikar. The project in it's cu...
Read more

Dr Vilas Dangre advises "Don’t humiliate yourself by demanding to practice allopathy"

Image
By Vikas Vaidya Dr Vilas Dangre, a leading Homoeopath and Bhishmacharya in the field of Homoeopathy on Sunday warned Homoeopaths not to lower down their status by demanding to practice allopathy. The Maharashtra branch of Homoeopathic Medical Association of India (HMAI) a national organisation has conducted a scientific seminar for Homoeopathic doctors and students on diseases of children named ‘Pediatric prescribing’ on Sunday at Ahilyadevi Sabhgruha, Dhantoli. Mayor Anil Sole was chief guest,  leading Homoeopath of Mumbai Dr Parinaz Humranwala was guest of honour. Dr Vilas Dangre presided over the function. Dr Rajan Kalpande, President Maharashtra HMAI, Dr Murlidhar Idole, Secretary were seated on the dais. Dr Dangre said, “By demanding that allopathy practice should be allowed, we, the Homoeopaths are bringing down our level. The Homoeopathy is based on full scientific research. The remedies of all diseases are in Homoeopathy. I shall not object if we are de...
Read more