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Govt Mulls Plan to Acquire PSU’s Surplus Land For Affordable Housing Projects.

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In addition to this, the government is looking to bring in the most advanced construction technologies across the world so that construction of these affordable houses is completed with speed.

The government is considering a plan to acquire surplus land parcels of public sector enterprises to develop housing projects and townships under the Prime Minister’s affordable housing scheme for weaker sections that aims to achieve housing for all by 2022, said Durga Shankar Mishra, secretary, Ministry of Housing and Urban Affairs.

The government is currently in consultation with the state governments and Union Territories to persuade states to acquire the available land of their public sector enterprises for this purpose, he said at NAREDCO’s national real estate convention here.

In addition to this, the government is looking to bring in the most advanced construction technologies across the world so that construction of these affordable houses is completed with speed.

Mishra assured realty developers at the convention that they would not face inconveniences in terms of approvals for their construction plans after March 2018 not only in centre but also in various states through online facilities as such an arrangement is being arrived at.

At the convention, Minister of State for Finance and Corporate Affairs, Arjun Ram Meghwal promised the construction and real estate industry that all their legitimate glitches would also be addressed properly whether these relate to the Goods & Services Tax and other procedural fronts. He invited the builders to come forward to cooperate with the government in helping it achieve its objectives on many fronts including that of affordable housing.

Source:-Indiatimes

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