FICCI@100 : 855 days to go
Contact FICCI
#FICCIAGM
Become a Member Members Zone Employee Zone

Press Release

Pradhan Mantri Awas Yojana (Urban) on track: MoS for Housing & Urban Affairs

Mar 16, 2018

4 million houses sanctioned till now under credit-linked subsidy scheme


NEW DELHI, 16 March 2018: Minister of State (Independent Charge) for Housing and Urban Affairs, Mr. Hardeep Singh Puri, said here today that out of the required 12 million houses by 2022, nearly 4 million houses have already been sanctioned under the Pradhan Mantri Awas Yojana (PMAY).

 

Speaking at the Conference on 'Pradhan Mantri Awas Yojana - Housing for All by 2022', organised by the Federation of Indian Chambers of Commerce and Industry in association with the Ministry of Housing and Urban Affairs, Mr. Puri said it was incorrect on the part of industry to assume that just because land was costly and a state subject, it had to be necessarily acquired in places far away from slum areas.

 

It was important, he said, to remember that In-situ Slum Redevelopment, one of the components of the PMAY (Urban), is especially meant for making cities/towns slum free by providing pucca houses to the beneficiaries with basic civic infrastructure such as water, sanitation, sewerage, road and  electricity. Therefore, slums  had to be re-developed on 'as is where is' basis.  It was no longer possible to lift people and relocate them 40-50 kms. away from their existing location, he added.

 

Mr. Puri said that urban planning in India has suffered from criminal neglect  for 67 years. The distortions in the urban space happened because of manipulations by vested interests.  This was due to the absence of a regulator to check the brazen acts of developers who got unsuspecting buyers  to sign agreements that were one-sided, took their money and invested in land banks. The government has initiated rectification by bringing in RERA, but some state governments which adopted RERA have placed on-going projects outside its fold, he added.

 

The Minister, however, expressed optimism that ultimately the resilience of the people would prevail and market distortions will correct themselves as demand picks up. The need is to get the first project right in order to  remove the trust deficit amongst the beneficiaries and develop a model that can be replicated, he said, adding that the Awas Yojana "was not just succeeding, it was roaring" and therein lies an opportunity for the private sector.

 

On the occasion, the Minister released a FICCI-CBRE White Paper on 'Affordable Housing: The Next Big Thing?'

 

Mr. Niranjan Hiranandani, Co-Founder and Managing Director, Hiranandani Group, in his remarks, said the challenge was that of availability of land for slum development. He underlined the need for taking up a couple of projects and execute them successfully in a specific time frame.

 

Citing the enormity of slums in Delhi, Mr. Navin M. Raheja, Chairman, FICCI Real Estate Committee & CMD, Raheja Developers, said that there are around three lakh slum households  covering 802 hectares of government land. Around 10 lakh people living in these jhuggis are prone to all water-borne diseases, unhygienic lifestyle and other inhuman activities. The challenge is to rehabilitate all slum dwellers and their families in the same areas as before so that they do not migrate away from their origin and place of livelihood.

 

Dr. Sanjaya Baru, Secretary General, FICCI, noted that the demand for housing had revived and hoped that it would, and can be sustained. FICCI, on its part, would continue its active engagement with the government from framing of policy to implementation and would work in sync with the government to take the Awas Yojana forward.

 

The day-long conference discussed issues relating to the policy and roadmap for slum dwellers' rehabilitation and the financing mechanism and government initiatives for 'Housing for All'.

 

 

FICCI-CBRE White Paper lists steps to bridge the affordable housing gap

 

The FICCI-CBRE White Paper brings to light ways to facts to bridge the housing gap in India and key inhibitors of private sector participation in affordable housing segment. It provides a broad understanding of basic components of the Affordable Housing Scheme along with the policy level interventions by the Government of India to foster the public private participation in the sector.

 

The paper recommends that to fast-track the pace of affordable housing development, it was imperative that isolated interventions be replaced with a well-synergised approach to address the concerns of all stakeholders in the value chain.

 

It notes that while there has been an uptick in activity in the affordable housing segment, there are still some measures that the segment needs in order to be completely viable for private participation. Availability of land, relaxation in development norms, faster approvals for affordable housing projects, clear definition of affordable housing and better alignment between central and state policies are some of the factors that need to be addressed to allow the segment to achieve its full potential.

 

 

Also Read

Event

Study