AP and Telangana propose waiver of stamp duty and other fee for affordable housing projects

By Accommodation Times News Services

Affordable housingThe state governments of Andhra Pradesh and Telangana has initiated action plans for the development of affordable housing in their respective states, both the states have proposed total waiver of Stamp Duty for affordable housing projects.

In the Draft Affordable Housing Policy of Andhra Pradesh, presented to the Ministry of HUPA, the state government has also proposed waiver of land conversion fee, infrastructure development charges, building plan approval fee, registration fee and betterment charges to promote affordable housing for EWS and LIG besides relaxation in Floor Area Ratio (FAR).

Telangana Government has also proposed similar measures. To encourage private investments in affordable housing, it has proposed twice the normal FAR besides 0.50% additional FAR for timely completion of such projects.

Both the states have proposed earmarking of 25% of government land available with urban local bodies for housing for EWS and LIG. The two states also envisaged single window clearance for approving housing projects in 60 days.

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