By Accommodation Times News Service

Prithviraj Chauhan, CM

Maharashtra government is contemplating to form a committee on affordable housing scheme in the state, on the lines of that at the Centre. The committee would also look into the rates of flats, land acquisition norms and construction cost. MHADA lottery did not receive good response in May this year, as the rates of the flats were too high and beyond the reach of common man.

Minister for housing Girija Vyas

Foreign investment is needed in the sector and the sector and the ministry is holding deliberation with the stakeholder to assess its impact and ensure that it does not hurt end users. When FDI is there in all the sectors, it is important that it is allowed in this sector too. But I want to talk to all the stakeholders, including consumers.

Minister for Parliamentary Affairs Harshvardhan Patil

The proposed changes in the Maharashtra Co-operative Societies (97th Amendment) Bill will make it a must for builders to provide the deemed conveyance certificate in four months after housing societies file an application. The developers have been refusing to issue the certificate to the housing societies across the state. A deemed conveyance is a document executed to transfer the title of land and building in name of the housing societies. The decision will go a long way in providing relief to the housing societies.

President of NAREDCO, Navin Raheja

For effective implementation of low-cost housing projects, it is imperative that the government ensures availability of land at subsidized rates, fast approvals, property tax relief, funding support, additional FSI, connectivity to suburbs and creation of special residential zones. Demanding infrastructure status for the sector, he said. This will help the sector getting government incentives, subsidies and tax benefits. Besides, it will also lead to lower cost of funding and taking loans from financial institutions will become cheaper translating to more supply of affordable houses.

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