PMRDA Pune To Construct 6,415 Low-Cost Houses, PPP Basis By 2020

Seven private players have been selected to execute the first phase, which is also the state’s first PPP model in affordable housing. The deadline to complete all the schemes undertaken by PMRDA is 2020.

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PMRDA Pune To Construct 6,415 Low-Cost Houses, PPP Basis By 2020

Pune Metropolitan Region Development Authority (PMRDA) will construct 6,415 low-cost houses under the affordable housing scheme on a public-private-partnership (PPP) basis in the first phase of the project.

Seven private players have been selected to execute the first phase, which is also the state’s first PPP model in affordable housing, said authorities from PMRDA. The deadline to complete all the schemes undertaken by PMRDA is 2020.

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PPP mode enables a private player to come forward with the land, while the authorities will ensure speedy clearances and subsidies for the customers. The PMRDA’s target is to construct 50,000 houses by 2020.

The PPP model had received bids from several private players, from which seven were selected to execute the projects area that falls under the PMRDA’s jurisdiction. While the deadline to finalize the contractors was March, it was extended to April.

The PMRDA officials then announced that the bid was opened on April 13. A five-member team comprising members from Maharashtra Housing Area Development Authority (MHADA) and PMRDA finalized the companies for the project.

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As per the rules, 50% of the project launched in the PPP mode should have rates as recommended by MHADA, and that the companies stand to get 2.5 FSI for participating in the PPP mode for the PMAY scheme. The scheme is to be implemented in 382 cities and 832 villages in the state.

The PMRDA had followed the method of evaluation of developers on a scale of 100, and only those scoring 70% were eligible for its affordable housing project. The developers will be assessed on land availability (minimum 2 acres), the location of a plot (close to roads, Metro and accessibility), water provision, closest electric substation and the developer’s financial capacity.

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Earlier, private developers would have to get land and decide their own deadline, price and location for the affordable housing. The government’s new initiative will see municipalities or authorities tying up with developers to take forward the project where the authorities will help in quicker sanctions and set up a single window system for sanctions and no objection certificates.

According to the PMRDA, if the developer meets their criteria, they will enter an agreement for the affordable housing project. They will design the structure and PMRDA will ensure that all necessary permissions and zone conversions are issued within 30 days.

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

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