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CHIEF MINISTER ASHOK CHAVAN’S NOD TO LOW COST HOUSING MAY FULFILL COMMON MAN’S DREAM FOR HOMES

low-cost-In what is being seen as a significant step by the state, Chief Minister Ashok Chavan has given his nod to making low cost housing compulsory in any project by builders that has a minimum area of 2000 sq. mts. A Mumbaikar’s dream to own a house in the city may just come true. In a significant order aimed at creating affordable housing in the city, chief minister Ashok Chavan has approved a proposal that says a portion of a plot has to be reserved for low-cost housing. Though creating affordable housing was part of the Housing Policy announced in 2007, it is only now that the government has finally taken concrete steps to make it a reality and much credit for this goes to Chief Minister Ashok Chavan. The order, according to Mantralaya officials, was signed by Ashok Chavan last week and it will be issued shortly. Once issued, the order will come into immediate effect. According to the order, developers in the city planning residential complexes on plots measuring 2,000 sq metres or more will have to compulsorily reserve 20% to 25% of the total built-up area for the middle class and the poor. The homes for the economically weaker sections and low-income groups will be 300-400 sq ft in size, while for the middle class, it will be 410-600 sq ft. Bureau report – NMTV News.

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