Punjab cabinet approves affordable housing policy

houseBy Accommodation Times Bureau


To enable affordable housing for lower income groups (LIG), the Punjab government has cleared the way for the notification of the Affordable Colony policy, 2018, on Wednesday. This is also to keep a check on the increase in a number of unauthorized colonies.

The government found that most of the unauthorized colonies to have small sized plots which are normally purchased by lower income group (LIG) and economically weaker section (EWS). Therefore, the state authority had decided to relax some provisions in approved colonies.

According to an official spokesperson in a release said that the cabinet has signalled to the new policy which aims at providing higher density and floor area ratio (FAR) to the promoters who were anxious to develop an affordable colony.

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