Gujarat needs 9.78 lakh affordable houses

Gujarat needs 9.78 lakh affordable houses
06/03/2017 , by , in News/Views

The state government’s recent housing demand survey, by the Affordable Housing Mission in the state, has estimated that 9.78 lakh affordable houses are needed in the state.

The survey was carried out under the government of India’s Pradhan Mantri Awas Yojana (PMAY).

In the state budget for 2017-18, the Gujarat government set a target of 45,000 affordable houses under PMAY and Mukhyamanti Saheri Vikas Yojana (MSVY) and another one lakh under other schemes. It is thus likely that it will take a minimum of 7 to 8 years to meet the full demand, estimated at 9.78 lakh units. The recent state budget allocated Rs 1,340 crore for the various housing schemes.

The survey estimates that 3.34 lakh homes will be needed in in Ahmedabad district alone, mainly in Ahmedabad city. Surat is next with a demand for 1.28 lakh affordable homes. Rajkot needs 98,841 houses and Vadodara 63,964.

Under the survey, 3,47,396 homes will be needed under the Affordable Housing Project, which is based on public-private partnership (PPP). The requirement for some 1,17,302 dwellings will be BLC (beneficiary-led construction). The biggest requirement estimated, 5,13,362 houses, is under the CLS (Credit Linked Scheme), where the government provides a 6.5% interest subsidy for homes costing up to Rs 6 lakh.

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