352 housing projects launched in 53 cities

352 housing projects launched in 53 cities

352 housing projects in 53 cities across 17 states, with an investment of over Rs 38,000 cr to build over two lakh houses, were launched by Minister of Housing & Urban Poverty Alleviation(गरीबी उन्मूलन) , M. Venkaiah Naidu, on Sunday. These housing projects to be taken up by the members of Confederation(परिसंघ) of Real Estate Developers’ Associations of India (CREDAI) across the country, is the first major private investments initiative into affordable (सस्ती) housing.

As per the details furnished by CREDAI, the cost of construction of these affordable houses will be in the range of Rs 15 lakh to Rs 30 lakh with average cost of construction(निर्माण) coming to Rs 18 lakh per house.

 

The event was held in the backdrop of several initiatives by the Government of India to promote affordable housing for Economically Weaker Sections and Low and Middle Income Groups, after sanction of ‘infrastructure status’ for the housing sector.

“Housing for All by 2022” Mission – National Mission for Urban Housing

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for launch of “Housing for All by 2022” aimed for urban areas with following components/options to States/Union Territories and cities:-

a) Slum rehabilitation of Slum Dwellers with participation of private developers using land as a resource;

b) Promotion of affordable housing for weaker section through credit linked subsidy;

c) Affordable housing in partnership with Public & Private sectors and

d) Subsidy for beneficiary-led individual house construction or enhancement.