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Incentives for low-cost urban housing schemes

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The New Indian Express 29.09.2009

Incentives for low-cost urban housing schemes


HYDERABAD: In order to stimulate housing activity in the State, the Government has decided to extend incentives to low-cost housing schemes in the urban areas.

In an order issued today, it conveyed the guidelines to be followed by urban local bodies and by urban development authorities and urged them to give priority and publicity to the projects. Any Government agency, any licensed developer and licensed builder is eligible to avail themselves of the incentives. This scheme would be applicable to all projects undertaken after March 2009. The identification of beneficiaries would be undertaken by the implementing agency through MEPMA, in association with SLF wherever necessary.

The housing activity taken under the scheme would be exempted from the Urban Land Ceiling Act. Stamp duty exemption would be given up to 100 per cent for built-up units (independent houses as well as flats) upto 80 sq m (860 sq ft). Automatic land-use conversion would be accorded to projects needing conversion from agriculture, conservation and other uses, except water bodies or land in industrial and recreational use.

Last Updated on Tuesday, 29 September 2009 10:17