State government housing coverage seems a humid squib
The state authorities’ “Punjab Affordable Housing Policy 2018” has failed to discover favor with economically weaker, lower and decrease-middle class human beings due to bureaucratic apathy, liquidity crunch, procedural delays in granting approvals and the excessive fee of taxes.
While the Housing and Urban Development Department claims to have given approval to a dozen low priced housing tasks within the kingdom, now not an unmarried less costly housing task has been sanctioned by using the Greater Ludhiana Area Development Authority (GLADA) even after 15 months of the policy being notified in March 2018.
“It (the policy) is a trifling document and not using a vision or intention to provide cheap housing. There is a dire want to revise the coverage from the buyers’ angle,” says GS Lamba, a developer and trendy secretary of the Punjab Colonisers and Property Dealers Association.
Lamba became of the view that linkage of 5 in keeping with cent of the general area of the colony for the EWS become a big deterrent even as excessive rates for an alternate of land use (CLU), external development expenses (EDC) and procedural hassles created via bureaucrats derailed the policy.
Another city-based belongings developer Gulshan Kumar of GK Group asserted that each the realtors and customers had been reluctant to avail the centrally-backed credit related subsidy scheme (CLSS) with a subsidy of Rs 2.Sixty seven lakh in keeping with housing unit. He said high kingdom and central taxes, stamp duty, development costs, CLU fee, and infrastructure development cess neutralized the subsidy component.
Difficulties in securing finance from banks and housing finance organizations were referred to as but some other stumbling block in the manner of the low-priced housing policy. As the scheme targets the EWS and LIG families, documentation required to avail finance has been a large venture stated the realtors.
Lamba and Gulshan Kumar were confident that unless relaxation becomes provided within the most permissible location of the colony (for lower priced housing), mandatory reservation for the EWS homes, discount in development costs and the CLU and license fee eliminated, the housing scheme for urban poor could be rendered vain.
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List of Noida Property Dealers
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