The Business Line 14.12.2009
Pvt developers may get stake in housing scheme
Our Bureau
Kolkata, Dec. 13
The Centre may allow private developers to use surplus land in housing projects under the Rajiv Awas Yojana (RAY) for commercial activity, according to the Union Minister of State for Urban Development, Mr Sougata Roy.
The proposal has already received green signal from the Planning Commission, Mr Roy said here on the sidelines of the annual members' convention of the Indo-American Chamber of Commerce.
The proposal has been sent to different State Governments and the final guideline for the implementation of the proposal is likely to emerge in a month after receiving their feedbacks, he added.
Slum eradication
The Centre sponsored RAY scheme, announced in this year's Union Budget for setting up dwelling units for the urban poor, aims to promote a slum-free India by 2014. Under the Government subsidised scheme, slum-dwellers require to bear only 20 per cent of the cost for residential units.
“In order to lure private players into the scheme, we plan to allot separate land to developers near the project sites for their own commercial use,” Mr Roy said.
On the implementation of Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in West Bengal, Mr Roy said that though Rs 3,200 crore was sanctioned for the State, Rs 1,400-crore-worth projects had been sanctioned so far.
The Centre has released over Rs 700 crore under JNNURM to West Bengal so far, he added.
