Housing mission to be named after Sardar Patel
Housing Mission named after Sardar Patel
The ambitious urban housing mission to ensure housing for all by 2022 will be soon launched and will be named after Sardar Patel, said Minister of Housing and Urban Poverty Alleviation M. Venkaiah Naidu. The government is taking many steps to convert the vision of housing for all by 2020 to reality and to boost the affordable housing. The government will give priority status to affordable housing. Since the vision of housing for all by 2022 is to be realized, hence the government will streamline the approval process and also reduces the total cost of ownership for the end user of affordable housing on an urgent basis.
Addressing a press conference to present the vision of the central government for the country, Minister of Housing and Urban Poverty Alleviation M. Venkaiah Naidu said, “under the Sardar Patel Urban Housing Mission, 30 million houses will be built by 2022, mostly for the economically weaker sections and low income groups, through public-private-partnership, interest subsidy and increased flow of resources to the housing sector,” Naidu said. The minister made this announcement while speaking at the ‘World Habitat Day – Voices from Slums’ programme here
Naidu said an investment of about Rs 50 lakh crore would be required over the next few years for various initiatives such as housing for all (Rs 22.50 lakh crore), urban infrastructure development (Rs 16.50 lakh crore), urban sanitation (Rs 62,000 crore), and building smart cities. “The Government is focusing on ‘in-situ’ development of slums by encouraging vertical construction,” he added. The central government will remove major bottlenecks like land acquisitions and government clearance for the real estate sector, especially affordable housing projects. The Modi government wants everyone in the country to have a roof over head and hence no efforts will be spared to realize the dream of the development of affordable housing for all countrymen, said the minister.
