MMR to get more low-cost houses

Affordable-HomesMUMBAI

To boost ‘housing for all mission’ of Prime Minister Narendra Modi in private sector, the Maharashtra government has decided to adopt a policy of offering incentives by permitting 2.5 Floor Space Index (FSI)  to all the low-cost housing projects under Pradhan Mantri Awas Yojana (PMAY).

The government has also allowed 1 FSI on agriculture land and no-development zone for building affordable houses.  Such projects shall benefit subsidy of Rs 2.5 lakh per home from the government and even all other benefits specified under PMAY.

The PMAY also allows the private sector to sell 50% houses at the rates of their choice and rest of houses to be sold at the price given by Maharashtra Housing and Area Development Authority.

On Monday, the state urban development department (UDD) issued a draft notification permitting the changes in the development control regulations (DCR).





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