NAGPUR: The Confederation of Real Estate Developers’ Association of India (CREDAI) held a meet on planning and construction of affordable housing last week. Padma Bhushan awardee architect Hafeez Contractor was among the key speakers.
Contractor gave an insight into design and planning of affordable homes, giving a presentation on the low cost home projects executed by him. He said proper planning can reduce the cost of the project. He suggested that the government must simplify the laws related to this segment in order to ensure smooth execution of affordable housing projects. He suggested having the Hyderabad Pattern which allows free floor space index (FSI). Under the pattern, there are plans to build 2 crore homes by 2022.
Contractor suggested that government should also reduce taxes on such projects. Later, speaking on the occasion, Nagpur Municipal Corporation (NMC) commissioner Shravan Hardikar said that the civic body had recently conducted a demand-supply ratio analysis of affordable homes under the Pradhan Mantri Awas Yojana. In 60 days, the NMC got 60,000 applications out of which 45,000 applications were submitted along with documents.
NIT chairperson Deepak Mhaisekar referred to his stint as a commissioner in Nanded region where an affordable housing project was successfully executed. The planning and design concept including land pooling in metro region was also discussed.
Credits ET Realty