"Empowering states is the key to the success of Housing- for-All scheme," Joint Secretary in the Housing and Urban Poverty Alleviation Ministry Rajiv Ranjan Mishra said at a conference organised by the Royal Institution of Chartered Surveyors (RICS).
About two crore houses are to be built under the Housing- for-All scheme in urban areas by 2022. Five-hundred cities and towns are to be taken up in the first phase of the scheme.
Among other measures, the government is also set to introduce global standards for building and construction process, and facilitate easier documentation and approval procedures for projects falling under the scheme.
Under the Housing-for-All (Urban) Mission, the central assistance of Rs 1 lakh per unit under in-situ redevelopment of slums, Rs 1.50 lakh per unit under Affordable Housing in Partnership and Subsidy for Individual Beneficiary led Construction, and interest subsidy of 6.50 per cent under Credit Linked Subsidy Scheme will be provided.
Also Read
"There is a huge mismatch of housing demand and supply in India. India is looking at building homes under affordable housing to cater to this demand. We believe the government along with the private sector should follow international best practices for construction of these houses under the scheme to maintain good construction quality and ensure timely completion of such projects," Sachin Sandhir, Global MD, Emerging Business, RICS said.