Finally an average Mumbaikar can dream to own a house in the island city.
A significant order has been approved by the chief minister of Maharashtra which aimed at creating affordable housing in the city and has a proposal wherein a portion of any plot being developed has to be reserved for low-cost housing. In such case,The plots must have a minimum area of 2,000 sq m (half -an-acre) or above and shall be reserved for the middle-income, low-income and economically weaker sections of society.
Finally the government has taken some concrete steps to create affordable housing a reality though it was part of the Housing Policy announced in 2007.Once issued, this order will come into immediate effect.
As per the order, developers planning residential complexes in Mumbai,on plots measuring 2,000 sq metres or more shall compulsorily reserve 20% to 25% of the total built-up area for the middle class and the poor. The homes for the economically weaker sections and low-income groups will be 300-400 sq ft in size, while for the middle class, it will be 410-600 sq ft.
But the developers don’t seem to be too keen about the issue. As per the HCHI President Sunil Mantri, viability of high end and luxury projects may get affected due to this factor and most of the developers in the city are developing such projects. According Mr. Mantri, this policy should have been restricted to townships and with no other option they will have to implement it.
Some people believe that though it is a good effort by the state, people from different strata may not want to stay together. Also nowadays, houses come with additional facilities like pools, club houses and fitness centres, due to which the monthly maintenance is quite high and many people may not be able to afford it. It would be better to construct a separate low cost buildings than combining the two types.