Govt to reveal new rental housing policy in 100 smart cities

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The government is all ready to reveal a new rental housing policy in 100 smart cities. The policy has been in works throughout the previous 3 years however is probably going to see the light of the day soon. The primary segment of that plan may well be taken off in the following financial year. It is essentially a Rs 2700 crore welfare plan of the legislature went for the urban poor in 100 brilliant urban areas.

The scheme would include the dissemination of lease vouchers to vagrant populace and the urban poor by urban nearby bodies.

These bodies would likewise decide estimation of the lease vouchers on the premise of class or size of the family, alongside the lease predominant in that city. The lease voucher would be given by the inhabitant to the landowner, who thus would reclaim it at any native administration agency yet in the event that the lease is more than the voucher then the occupant would bear the cost and pay the money to the landowner.

A senior authority of housing and urban poverty alleviation ministry told media, “The rental voucher scheme is being looked at as a means to complement the Prime Minister Housing for All scheme.” To make affordable housing a reality, the government is also looking to monetize the confiscated benami properties. In a bid to push this scheme, the ministry would prepare a Cabinet note.

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