Where are 5 lakh houses to be con­structed be­fore 2015?

Accommodation Times - - Editorial - By Dr. San­jay Chaturvedi

Con­ven­tions and Con­fer­ences are now a days be­com­ing plat­form for en­hanc­ing in­di­vid­ual pub­lic images and PR. En­hanc­ing brands of the firm and in­di­vid­u­als. PR agen­cies are mak­ing all stones un-turn to give pub­lic plat­forms to their clients. In the his­tory of real es­tate, all con­ven­tions have been for­got­ten and words spo­ken from the podium did not had Will and in­ten­tions but for per­sonal ad­van­tages and brand build­ing ex­er­cise. Ma­ha­rash­tra Cham­ber of Hous­ing In­dus­try (MCHI) hosted one such Con­ven­tion. Con­ven­tion “Homes for All” in as­so­ci­a­tion with the state gov­ern­ment in Mumbai on April 28, 2010 was held at Y B Cha­van Au­di­to­rium, Na­ri­man Point Mumbai. The As­so­ci­a­tion MCHI, a pub­lic Trust is one of the lead­ing as­so­ci­a­tions of de­vel­op­ers, had em­barked on an am­bi­tious plan of fa­cil­i­tat­ing the cre­ation of 5 lakh af­ford­able houses over the next 5 years in close co­or­di­na­tion with the state gov­ern­ment and other hous­ing bod­ies of the gov­ern­ment. MCHI press re­lease then said “MCHI will be work­ing in part­ner­ship with the State Gov­ern­ment to ex­am­ine and iden­tify mea­sures to strengthen the hous­ing in­dus­try’s role in the so­cio-eco­nomic de­vel­op­ment of the State. In relation, it will also seek to for­mu­late mea­sures that will aid in the de­vel­op­ment of af- ford­able homes and en­sure their avail­abil­ity across the Mumbai and MMR Re­gion.” The re­lease fur­ther said “We strongly be­lieve that our ef­forts would re­sult in cre­ation of qual­ity hous­ing stocks which could be ef­fec­tively used to house the needy es­pe­cially from the eco­nom­i­cally chal­lenged sec­tions”. We are closely work­ing with the state gov­ern­ment and the gov­ern­ment of­fi­cials to work out the modal­i­ties of the scheme. All the mem­bers of MCHI are solidly be­hind this ex­em­plary ini­tia­tive and the ac­tive support from the state gov­ern­ment would help us in suc­cess­fully ex­e­cut­ing the ini­tia­tive”, the re­lease said just be­fore the con­ven­tion to be­gin. Lead­ers of the in­dus­try and mem­bers of man­ag­ing com­mit­tee made a strong point from podium to work un­der the cause. Not only they urged the ur­gency but had made fig­ures an­nounced which would con­struct in next five years. The min­utes of the con­ven­tion with Ac­com­mo­da­tion Times and as au­thor was also one of the del­e­gate, was con­vinced by the dec­la­ra­tion of the con­ven­tion. The glar­ing need and acute im­bal­ance be­tween the need for the hous­ing and the woe­fully in­ad­e­quate sup­ply of qual­ity houses has spurred the or­gan­i­sa­tion to come out with the new pro­posal, said the char­ter pre­sented at the con­ven­tion so gen­eral pub­lic by and large un­der­stood that the cham­ber was se­ri­ously think­ing giv­ing af­ford­able and hous­ing for eco­nom­i­cal weaker sec­tion of the so­ci­ety. Ac­cord­ing to Cush­man and Wake­field re­port, the de­mand for af­ford­able hous­ing is ex­pected to in­crease by ap­prox­i­mately 400,000 units ev­ery year in the coun­try. Ac­cord­ing to Mr. Pankaj Kapoor, CEO Li­ases Foras, a re­search firm in real es­tate, ev­ery year 40,000 units are sold in MMR. Out of which 35% only ac­counts to Poor Hous­ing (23%) and Af­ford­able hous­ing which ranges be­tween Rs.30 to 60 Lakh (12%) is in­cluded. In the name of af­ford­able hous­ing peo­ple are con­struct­ing even 70 kms from Mumbai. Who will oc­cupy th­ese units? He asked. The char­ter iden­ti­fied the de­mand as : Mumbai has an im­me­di­ate de­mand of ap­prox­i­mately 1.4 mil­lion homes, of which, 80% of the de­mand is ex­pected to em­anate from the 3-5 lakh in­come group. None of the on­go­ing schemes cater to such in­come group nei­ther state gov­ern­ment gave any hope to such de­mand and need for shel­ter. None of the state pol­icy had ad­dressed the need. The part­ner­ship of con­ven­tion be­tween MCHI and state gov­ern­ment of Ma­ha­rash­tra was an eye wash while for­mer com­pletely en­gaged in prop­erty exhibitions in Mumbai and all its at­ten­tion was to lobby gov­ern­ment for land re­lease and FSI in­cen­tives in Is­land city and for pre­mium hous­ing. BMC in­tro­duced fun­gi­ble FSI con­cept and State Gov­ern­ment im­posed VAT on con­struc­tion of Houses.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.