Habitat infrastructure Action Plan for all cities with a population of over 1 lakh
By A.T. Bureau
Draft National Urban Housing and Habitat Policy 2007 issued by Ministry of Urban Employment and Poverty Alleviation, Government of India said that the policy would address issues to compensate investments made by the private sector through numerous innovative viable alternatives other than direct monetary compensation. A ‘Habitat infrastructure Action Plan’ would be developed to prevent and plug losses, leakages and wastages that are existing in the system at various levels.
The policy also recognise the need to find ways to achieve the required Upgradation of infrastructure of towns and cities and to make these comparable to the needs of the times. Public-Private-Partnership approach for infrastructure, would be devised for the development of all areas like water supply, waste disposal, public transport, power, clean environment, schools and education institutes, public parks, sports and medical facilities. Macro-economic strategies would be devised to enable flow of resources including attracting private capital to the infrastructure sector, the policy said.
Divided into five chapters the policy is focusing is statements on Urban Development. In 1998 National Housing and Habitat policy was activated to fight the growing need for shelter in the country. Inspite of both the policies recommendation on ceiling Act, government of Maharashtra is still exploring its advantages and capitalising on the scarcity. of land in the metros like Mumbai.
In its Preamble the policy recognises the need for the policy and quoted various statistics in Urbanization and development. The policy recognises the need for the policy and quoted various statistics in urbanization and development. The policy says that urban population of India is likely to grow from 285.3 million in 2010, 410 million in 2015, 468 million in 2020 and 533 million in 2025.
The policy referred to planning commission’s estimate on urban housing requirements as the total requirement of Urban housing during the 10th plan period (2002-2007) works out to 22.44 million dwelling units in urban areas consisting of urban housing backlog of 8.89 million dwelling units at the beginning of 10th Plan (2002) and additions of new housing of 13.55 million dwelling units. The policy recognizes that despite appreciate increase in the supply of housing and related infrastructures, the magnitude of planning commission estimates, the difference of households over houses in 2002 was to he tune of 2.16 million dwelling units in urban areas.
The aim of the policy is creation of adequate housing stock both on rental and ownership basis, providing facilities for supply of served land and housing and related infrastructure, the magnitude of backlog is fairly high. As per planning commission estimates, the differences of households over houses in 2002 was to the tune of 2.16 million dwelling units in urban areas.
The aim of the policy is creation of adequate housing stock both on rental and ownership basis, providing facilities for supply of serviced land and housing, Upgradation of infrastructure of towns and cities, water and sanitation and promotion of larger flow of funds to meet the requirements of housing and infrastructure.
The policy also aims to establish a management information system (MIS) in housing sector to strengthen monitoring of building activity in the country.
Besides framing area of operation at centre, state and local level, the policy emphasized the need of private sector to develop the nation. It want housing finance companies to innovate and finance poor section of society.
The policy recognised the need of finance and hence said hat a secondary mortgage has already been initiated by the National Housing Bank (NHB) Stamp Duty on the instruments of residential mortgages – backed Securitisation (RMBS) across all he states would be rationalized (waived/reduced) on the line of Gujrat and other states. Housing is to be considered at par with infrastructure as far as funding and concessions are concerned. For encouraging rental housing including building of services apartments, fiscal concessions like flat rate of 10 percent of tax on the income on renting for first five years and depreciation allowance of 50 percent per year on investments made by employers in, is recommended.
In its Editorial, Accommodation times had recommended to establish National Housing Find of Rs. 500 crores was well taken in the policy, which say that a National Shelter Fund of Rs. 500 crores is recommended to be operated by NHB to provide financial support to poor section through HFCs. The policy also recommended to establish Real Estate Investment Trusts (REITS).
In its legal and regulatory reforms, the policy recommends various steps to ease the legal barricades. The policy maintains that all states would be advised to adopt any ‘Model Municipal Law”, Model Rent Control Act as designed by the Centre will be advised besides expressing its policy statement the major areas of concern in the housing industry.
To implement the policy, the central government will support the states to prepare a state level Urban Housing and Habitat Policy.
The ultimate goal of the policy is to ensure sustainable and inclusive development of human settlements including “Shelter for all” and a better quality of life to all citizens using potential of all the stakeholders.