The Uttar Pradesh government announced on Saturday its plan to Launch an affordable housing scheme, making 3.5 lakh homes in the range of Rs 15 to 30 lakh available by 2016.
“The cabinet has decided to launch Samajwadi Awas Yojna‘ to benefit the middle-income group, besides fixing ceiling rates for apartments,” Housing principal secretary Sadakant said. He also said land use conversion for these will be free. “The government has decided to fix ceiling on per square feet rate of apartments. It will not exceed Rs 3,000 per square feet in the National Capital Region, Rs 2,800 per square feet in metros and Rs 2,500 in other cities,” he said. Sadakant also said concessions will also be offered, which include rebate in stamp duty and single-window clearances. The government has also framed bylaws for land use conversion in this regard.
“Under this, a separate infrastructure fund would be created in which people will know that it will be used for development,” he said.
By reducing the land size, government has tried to encourage developers to ensure easy accumulation of land, rapid construction work and quick delivery of houses. It is estimated that in the twelfth five year plan, state needs about 24 lakh housing units out of which 60% comes from middle and lower-income groups. The government announced that by 2016, it is aiming to provide about 3.5 lakh affordable houses for this segment.
The other announcement was regarding implementing the ‘Land Use Conversion Rules’ in the state. These rules were earlier notified through a government’s executive order of 2001 but it was limited only to the smaller plots. The rules have now been included in the Act which also covers bigger plots to receive benefits of these land conversion rules.