Govt. Grant a Subsidy For The Poor To Buy a House

The economically weaker section is getting benefited by the scheme introduced by the government whereby, Rs.1.5 lakh in subsidy would be granted to buy house. So far, such facilities have been granted only in cases where properties were developed on lands provided by the State government or municipal bodies.

This announcement came in the aftermath of a bunch of private developers launching affordable housing projects. The Union Housing Minister M. Venkaiah Naidu is very keen on seeing this scheme attain fruition.

Mr. Naidu highlighted the importance of the present government saying that initiative to provide housing to all families by 2022 will definitely increase the prominence of the present government and also said that Modi’s government has sanctioned a record number of affordable houses in the past two years which actually surpassed the number sanctioned by two UPA’s terms collectively.

Mr.Naidu also said, "We have actually given approval for more than 17 lakh houses for the weaker section in the urban areas, in 2,008. Whereas, the earlier government could not give approval for even 3/4th that number in ten years. We have undoubtedly exceeded the number that Congress approved by nearly 4 lakh affordable houses and that alone speaks for our party’s stability".

According to the government, 15 states and Union territories have been given clear directives to meet the target by 2019. The states in play are Kerala, Himachal Pradesh, Jammu and Kashmir, Arunachal Pradesh, Manipur, Meghalaya, Nagaland, Sikkim, Tripura, Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu and Puducherry. The rest will be finished by 2022.

Mr. Naidu has also urged the state governments to take necessary steps immediately to bring into effect the Real Estate Regulation Act for the benefit of the society. The date has been set for May 1st. So far, 13 states have come up with the final draft of rules and another 16 will do so in the near future. States that fail to implement this law will have to face the public’s displeasure as this law has been much sought-after by a significant portion of the population.

This rule will bring under its control all the on-going projects in the country. As of now, Tamil Nadu tops the list of states that have got the maximum number of houses sanctioned by the centre. Naidu is very upbeat about this scheme and said that the number of houses would even increase in the coming months.

Naidu added that every state has signed an MoU except Delhi.

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