Under a proposal, cleared by the Maharashtra cabinet on August 7, 2018, the MHADA (Maharashtra Housing and Area Development Authority) will form joint ventures with interested private landowners, to execute the centre’s flagship scheme, the Pradhan Mantri Awas Yojana (PMAY), of providing low-cost homes to the urban poor, housing minister Prakash Mehta said. Private landowners having more than 10 acres of land, are eligible to participate in the scheme, he said. The MHADA will construct houses for economically weaker sections and lower income groups.
Of the total housing units, 35 per cent will be given to landowners and 65 per cent to the MHADA, Mehta told reporters after the cabinet meeting. “The landowners will have the option to take the housing stock or cash,” an official in the housing department said. JV projects can be taken up in areas falling under all the 382 municipal corporations, councils and nagar panchayats, the Mumbai Metropolitan Regional Development Authority, the Pune and Nagpur Regional Development Authority, the CIDCO, the MSRDC, the Nagpur Improvement Trust and the Navi Mumbai Airport Influence Notified Area jurisdiction, he said. “Such projects will be given an FSI of 2.5,” said an official in the chief minister’s office (CMO). Floor space index (FSI) is a tool that defines the extent of construction permissible on a plot. It is the ratio of the buildable area to the total plot area.
See also: PMAY: Carpet area hike to push home sales in smaller cities
In another decision, the cabinet cleared a proposal to undertake steps, to increase bamboo production and create employment opportunities, the CMO official said. A new company will be set up for the purpose, he said. The firm, Maharashtra Bamboo Promotion Company, will help in development of bamboo clusters, besides design and sale of bamboo products, he said. A model village will be constructed to promote use of bamboo for housing, the official said. Last year, the centre omitted bamboo grown in non-forest areas, from the definition of trees. This would help in exempting it from requiring permits for felling or transportation.
Press Trust of India (PTI), headquartered in New Delhi, is India’s largest news agency. It was registered in 1947 and started operations in 1949. PTI has more than 400 journalists and 500 stringers, who generate more than 2,000 stories and 200 photographs every day. Subscribers to PTI’s feed include the mainstream media, research groups, specialised presses, companies, government organisations and NGOs.
Facebook: https://www.facebook.com/PressTrustofIndia
Twitter: https://twitter.com/PTI_News
Email: [email protected]
Related Posts
Over 1 crore houses funded under PMAY-urban so far.
Special purpose vehicle to raise funds for Mumbai-Nagpur Expressway.
Gujarat tops the list among 2.75 lakh home buyers availing of the subsidy scheme under PMAY (U).
Maharashtra mulls PPP model, to acquire land for affordable housing.
RBI raises housing loan limits under priority sector lending.
CIDCO announces lottery for over 14,000 affordable houses in Navi Mumbai.
