Nagpur Improvement Trust Started Work on New Affordable Housing Scheme

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After a time period of seven months, the Hon’ble Chief Minister of Maharashtra Mr. Devendra Fadnavis and Union transport minister Nitin Gadkari announced a new affordable housing scheme for Nagpur. The Nagpur Improvement Trust (NIT) has initiated work on this scheme.


According to the information provided by the NIT chairman Deepak Mhaisekar, the construction work had commenced on the affordable housing project in Wathoda. The authority is constructing a total number of 264 residential flats for the people of economically weaker section (EWS) of the society. Besides this, the work of excavation is going on. As groundwater level is very high, the authority is dewatering the land.

He informed =on the cost of the flats that there was some ambiguity on goods and services tax (GST) rate. The flats price will be either 12% or 18%. Once this is clear, the authority will announce the price of the flats.

Besides this, he informed that a total number of 4,600 EWS flats will be constructed under these three projects.

The Nagpur Improvement Trust is is going to construct low-income group (LIG) residential flats at Wanjri. These flats will be constructed for those LIG families whose income is between Rs3 and Rs6 lakh per annum. The DPR is being prepared. A flat will cost around Rs12 lakh. At this stage we do not intend to construct middle-income group (MIG) flats,” the chairman said.
The Nagpur Improvement Trust has received a total number of 16,000 online applications under the Central Government’s Pradhan Mantri Awas Yojana (PMAY).

Mhaisekar further said that he would hold a loan fair for affordable housing beneficiaries. “We will invite bankers to this fair. They will guide the applicants regarding the process to obtain a bank loan. These fairs will be organized after Diwali,” he added.

News Source: https://timesofindia.indiatimes.com/city/nagpur/nagpur-improvement-trust-starts-work-on-affordable-housing-scheme/articleshow/61012395.cms

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