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'Housing for All scheme will fail without release of land'
New Delhi, June 23
The Narendra Modi
government's 'Housing for All' scheme will remain unrealised without
massive efforts to unlock non-essential lands being held by state-run
units, speeding up approvals and financial empowerment of the poor, US
real estate services firm JLL's Indian arm said on Tuesday.
"This
will require massive efforts to recognise and delineate the
non-essential lands currently being held by large government bodies such
as Indian Railways, ministry of public enterprises, port trusts and
department of heavy industries," JLL India chairman Anuj Puri said in a
statement here, indicating the need to build 20 million homes to achieve
the scheme by 2022.
"Unlocking such lands while speeding up the
approval process and creating incentives for private sector
participation are all needed as part of a large, coordinated effort if
we are to realise the vision of Housing for All by 2022," he said.
"To
create housing for these urban poor, the only solution lies in the
unlocking of land in the urban areas. The kind of housing supply that
the government is targeting seems out of the question if appropriate
lands are not made available," he added.
Under the scheme, the government seeks to make the houses in urban areas, mainly to service the urban poor.
"This
scheme aims to provide the urban poor with the financial muscle to buy
affordable houses. By providing an interest subvention/subsidy scheme,
the government is allowing access to cheaper structured finance to such
low-income categories," said JLL India.
Puri also pointed out
that though the scheme provides homes to slum-dwellers at no cost
through a public-private partnership (PPP) slum rehabilitation project,
it offers no concrete solutions for the urban poor not residing in a
slum and who want to own a house in a metro city.
"Though the
loan amounts have been increased, his income levels may not qualify him
for the loan disbursal amount that is high enough for him to buy a house
in the current scenario, when housing prices are high," he said.