Giving further impetus to its affordable housing programme, the Maharashtra Government has announced that it will now consider a public-private partnership (PPP) policy, under which they will acquire land parcels in the Mumbai Metropolitan Region (MMR) and develop low-cost homes. State Housing Minister Prakash Mehta gave information on this development in a recent programme in Mumbai.
Speaking during the event, he said, “By the end of 2018, the government would have crystallised its plans to meet its target of creating 20 lakh affordable houses across the state by 2022, of which 10 lakh will be in the MMR. Under the PPP model, the State government plans to acquire land from individuals and build low-cost homes.”
Mehta further said that there are many property owners who own large land parcels around the MMR region but they do not have the financial capacity to develop them. On the other hand, they get FSI for 1 land and need to pay a premium for extra FSI. So, in order to help them, the government will acquire the land through the Maharashtra Housing and Area Development Authority (MHADA) and will build low-cost homes on them.
Under this policy, the State Government will bear the cost of development. The minister also said that discussions were underway on how to compensate the landowners. Moreover, the policy is likely to be presented in the cabinet in a month’s time and will be finalised at the same time only.
In order to avoid any confusion between various government agencies and to streamline the process for creating more affordable homes in the state at a faster rate, CM Devendra Fadnavis recently announced that the Maharashtra Housing and Area Development Authority (MHADA) would be the nodal agency for all future government housing schemes in Mumbai and its surrounding metropolitan region.