(a) whether the Government proposes to give
concessions to the Housing Sector
particularly for middle
class housing; and
(b) if so, the details thereof?
(a) whether the Government proposes to give
concessions to the Housing Sector
particularly for middle
class housing; and
(b) if so, the details thereof?
MINISTER OF HOUSING & URBAN POVERTY ALLEVIATION(KUMARI SELJA)
(a)&(b): Concessions in the form of income tax rebates for
repayments of interest and principal
are already available
to various income tax payers including Middle Income Group
(MIG).
Further, the newly launched Scheme of Affordable
Housing in Partnership would cover Middle
Income Group
(MIG) dwelling units also. The scheme aims at
operationalising the
strategy envisaged in the National
Urban Housing & Habitat Policy (NUHHP) 2007, of
promoting
various types of public-private partnerships-of the
Government sector with the
private sector, the cooperative
sector,the financial services sector, the
state
parastatals, urban local bodies,etc.-for realizing the
goal of affordable housing for all.
Based on the experience that housing colonies do not
get occupied for want of civic service
connectivities,
Central Government assistance under this scheme which would
cover Middle Income
Group (MIG) dwelling units also, will
be provided for the provision of civic services such
as
water supply including ground level/overhead service
reservoirs, storm water drainage,
solid waste management,
sewerage including common sewerage treatment facilities,
rain water
harvesting, approach roads, electricity lines
including electricity transformers, parks and
playgrounds
and other amenities.Central Assistance under the scheme will be limited
to least
of following:-
a. Rs. 50,000 per Dwelling Unit for all dwelling units
taking Economically Weaker Sections
(EWS),Low Income
Group(LIG) and Middle Income Group(MIG) units
together which are proposed in
the project;and
b. 25% of the cost of all civic services (external and
internal) proposed in the project.
Subject to the above,Central Assistance would be
computed in the following manner
Sl. Built up area for Subsidy Amount No. EWS/LIG as a percentage of total constructed area
1. 25% Rs. 60,000 per EWS/LIG unit
2. > 25% and upto 30% Rs. 60,000-Rs.70,000 per EWS/LIG unit
3. > 30% and upto 35% Rs. 70,000-Rs.80,000 per EWS/LIG unit
4. > 35% and upto 40% Rs. 80,000-Rs 90,000 per EWS/LIG unit
5. > 40% Rs. 90,000 - Rs. 1,00,000 per EWS/LIG unit