Govt targets 30 million houses by 2022

NEW DELHI: Under its flagship scheme to provide housing to all in urban areas, the NDA government is targeting construction of around 30 million houses by 2022. The scheme will be named Sardar Patel Urban Housing Mission, which was first reported by TOI last month.

Urban development minister Venkaiah Naidu on Thursday said the scheme will benefit the poor and is in line with Prime Minister Narendra Modi's call for "Har parivar ko ghar" (a house for every family).

Naidu said the houses will be built through public-private partnership, interest subsidy and increased flow of resources to housing sector. Addressing a conference on the occasion of World Habitat Day, the minister said four major schemes being undertaken by UD and housing ministry would need investment of about Rs 50 lakh crore over the next few years. These schemes are housing for all, urban infrastructure development, urban sanitation and building smart cities.

The cost for housing for all would be Rs 22.50 lakh crore, while Rs 16.50 lakh crore would be required to develop urban infrastructure, Naidu said. For urban sanitation and creating smart cities, Rs 62,000 crore would be needed.

The minister also said the urban development and housing initiatives will aim at social inclusion so as to benefit all sections of urban residents including slum dwellers. He said, "Slum dwellers are entitled to not only a roof over their heads but also a safe and healthy environment, affordable transport and energy, safe and clean drinking water, employment and empowerment."

http://ift.tt/1nPaNvH Modi,Govt targets 30 million houses by 2022

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