Government Resolution Issued Provides Detailed Guidelines For Project

A 64-page Government Resolution, issued last week, provides detailed guidelines for the project. It specifies the process of bidding, selection of builder, tender document and agencies that are to work as nodal organization overseeing each of the schemes in 382 cities. 

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Government Resolution Issued Provides Detailed Guidelines For Project

A 64-page Government Resolution, issued last week, provides detailed guidelines for the project. It specifies the process of bidding, selection of builder, tender document and agencies that are to work as nodal organization overseeing each of the schemes in 382 cities.

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People booking for allotment of house under the economically weaker section category would get a total subsidy of Rs 2.5 lakh, of which Rs 1.5 lakh will be given by the central government and rest by the state. In Vidarbha, Maharashtra there is plan to build 3,07,831 houses. A major chunk or 1.21 lakh will be in Nagpur district.

Government Resolution, some of the detailed guidelines for the project:

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  • A successful private bidder executing an affordable housing project under the Pradhan Mantri Awas Yojana (Urban) is permitted to sell 50% of houses in the scheme at rates of his choice while the rest will have to be sold at the price prescribed by the government agency.
  • A floor space index (FSI) of 2.5 will be the other major attraction for the builder of the project to be implemented on public private partnership (PPP) basis. Projects on land falling in Green Zone /No Development Zone are also permitted with 1 FSI for construction of such affordable housing.
  • Government Resolution further states incentives shall be given to projects developed under PPP on both private as well as government land: Fees for joint measurement of land under such PMAY projects will be charged at 50% of the prevailing rate.
  • Stamp duty of Rs 1,000 only per EWS house will be charged for first instrument executed for the purpose of allotment of residential premises admeasuring up to an area of 30 sq.mt. to the person belonging to EWS category.
  • It also specifies that urban development department of the state shall separately issue a Government Resolution for exemption from development charges for projects under the scheme.

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  • All the projects are required to adhere to Development Control Rules (DCR), Development Plan (DP), Real Estate (Regulation and Development) Act 2016 and Rules and Regulations made thereunder. The projects should be registered with MahaRERA.
  • The prices of 50% of the houses constructed under this scheme shall be fixed as per the prevailing pricing policy of Maharashtra Housing and Area Development Authority (MHADA). For the rest 50%, the selected bidder is permitted to fix the prices.
  • If at any particular location the proposals received from multiple private parties exceed the demand registered for that location, then the private party which is willing to price maximum percentage of dwelling units (over and above 50%) as per the prevailing pricing policy of MHADA shall be selected as final bidder. In such case, the selected bidder can sell rest of the dwelling units in open market.
  • One of the most important points is there is no involvement of the selected bidder or government for the maintenance of the units after the transfer of units to the allottee. Maintenance, therefore, is the responsibility of the beneficiaries.

Source Link- https://timesofindia.indiatimes.com/.

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