For making land available for housing projects, states were being pursued to create land banks and central ministries urged to release land in cities in exchange of other lands elsewhere, said Dr. Nandita Chatterjee, Secretary, Ministry of Housing and Urban Poverty Alleviation.
Dr. Chatterjee said efforts were on to rationalise taxation on affordable housing and states were being asked to prepare affordable housing policies with specific incentives including tax exemption and lower tax rates.
Elaborating on the recently launched, Pradhan Mantri Awas Yojana (PMAY) – Housing for All (Urban), Ms. Chatterjee, said that at the slum decadal growth rate of 34%, the slum households are projected to go up to 18 million.
Two million non-slum urban poor households are proposed to be covered under the Mission. Hence, total housing shortage envisaged to be addressed through the new mission is 20 million.
The Mission will be implemented during 2015-2022.
Dr. Chatterjee said that credit linked subsidy component would be implemented across the country in all statutory towns right from the beginning. Also, the mission will provide flexibility to the States for choosing the best options to meet the demand of housing in their states.
A Technology Sub-mission under the Mission would be set up to facilitate adoption of modern, innovative and green technologies and building material for faster and quality construction of houses. It will also facilitate preparation and adoption of layout designs and building plans suitable for various geo-climatic zones.