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Maharashtra gives affordable housing a boost

Last updated on: January 3, 2012 13:26 IST

Maharashtra gives affordable housing a boost

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The Maharashtra government on Monday made it mandatory for developers with layout of over 2000 sq mt to reserve 20 per cent of land for affordable housing.

Chief Minister Prithviraj Chavan who also holds the Housing portfolio told reporters after the cabinet meeting that decided developers preparing layout of more than 2000 sq mt, will have to set aside atleast 20 per cent of the land in 30 to 50 sq mt area.

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Image: Gaurav Sharma, a martial arts trainer, climbs the 45 storey 'Shreepati Arcade' in Mumbai.
Photographs: Arko Datta/Reuters.

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Similarly, while developing housing complex projects, it will be mandatory for them to reserve 20 per cent flats of 27.88 to 45 sq mt area for people from economically backward classes and low income groups.

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Image: Residential buildings in Mumbai.
Photographs: Arko Datta/Reuters.
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A worker at a construction site.

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The plots and flats will be purchased by MHADA at construction cost and sold to needy persons through lottery system.

Chavan said due to this initiative, affordable houses will be made available in large numbers which will help to control the real estate prices as well.

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Image: A worker at a construction site.
Photographs: Reuters.
Tags: MHADA , Chavan

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Maharashtra gives affordable housing a boost

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Development Control (DC) rules of municipal corporations and municipal councils will be amended to incorporate the necessary changes, Chavan added.



Image: Residential buildings in Mumbai.
Photographs: Reuters.

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