Gujarat AHRC Kick-starts with Sops for Developers

Gujarat AHRC Kick-starts with Sops for Developers
Sep 2020 , by , in Latest News, News/Views

To ensure that poor and middle class workers can get affordable housing on rent, the government has allowed builders and developers of ARHCs to get an additional 50% Floor Space Index and other benefits.

Another salient feature of the affordable rental housing complex (ARHC) policy as notified by the Gujarat government is that corporates and industries will be able to provide accommodation to their workers and employees and deduct rent from their salaries..

The state’s affordable rental housing policy is a corollary to the union government’s scheme for affordable rental housing for migrants launched in post Covid scenario in India. The state government has set March 2020 as the date until which ARHC projects can be completed under the PM Awas Yojna (urban). Projects approved before March 2022 will be given a grace period of 18 months beyond the deadline and will be eligible for all other incentives under the scheme.

The state government aims to provide maximum affordable homes to those who want the facility for a short period. Real estate developers will also find the policy attractive. Poor housing conditions for labourers is a major problem in the state and increases migration of workers. Standard of living for workforce will improve at lower cost in the state. Under the new ARHC policy, municipal corporations, municipalities, urban development authorities (UDA), industrial development authorities like GIDC or any area notified by the government will have to keep provision of ARHC in their respective areas.

About Realty Plus