As it was planned, the launch of an additional 6,500 tenements for the low-income
group under the JNNURM has now been unexpectedly cancelled as stated by the municipal commissioner Dinesh Waghmare.
This has been carried out because of Pimpri-Chinchwad Municipal Corporation(PCMC) which was started under the Pradhan Mantri Awas Yojana (PMAY) the present year.
The beneficiaries who have already applied for the 6,500 tenements can still ask for their benefits given under Pradhan Mantri Awas Yojana as PMAY is a new scheme and if the government approves the proposal.
The PCMC had earlier planned that they would provide 17,920 tenements for those who live in slum regions and for those who fall under low-income wages under the Jawaharlal Nehru National Urban Renewal Mission. These houses were to be made by the government in the regions of Nigdi, Link Road between Pimpri and Chinchwad, Milindnagar, Ajanthanaga, Vetalnagar, Vithalnagar.
The PCMC could only construct 11,420 tenements in 2005 and the rest were supposed to be completed by this year which unfortunately had to face failure because of Non-availability of land and failure to get the positive environment.
Tag Archives: low income
Builders say that Pranab Mukherjee has ignored ground realty in the Union Budget 2012-13.
With predicting an escalation in property prices, top players in the realty sector said they had been ignored by the finance minister.
Chief of the Confederation of Real Estate Developers’ Association of India (CREDAI), Lalit Kumar Jain, said the announcement on external commercial borrowings (ECB) for affordable housing was a minor respite but still meaningless. Jain, who is also chairman and managing director of Kumar Urban Development Ltd, added, “We contribute 6.5% to the GDP and expected a big boost from the budget for affordable housing through special schemes, an interest subvention of 5-7 % for LIG (low income group) and EWS (economically weaker section) housing and promotion of rental housing through tax exemption.”
Jain also pointed out that the interest subsidy on home loans was too low. The Budget has extended the scheme of interest subvention of 1% on housing loan up to Rs 15 lakh where the cost of the house does not exceed Rs 25 lakh for another year.
In addition, Gaurav Gupta, director, Omkar Realtors & Developers, lamented that the realty sector had got nothing to boost market and customer sentiments. “There are no indications of this sector being granted the status of an industry, which it much deserves. On the contrary, the increase in service tax will push up realty prices as the additional cost will be passed on to the buyers.”
Tata Housing MD and CEO Brotin Banerjee added, “Initiatives to make affordable housing available to a larger section of the society have only been met partially.”
There were some who welcomed the proposals. Sachin Sandhir, MD, RICS South Asia felt it “exceeded expectations” given the pressures on the fiscal situation.