Whenever somebody talks about the affordable housing, every form of class like the lower, the middle and the upper middle class comes into account. As per the Union Minister of Urban Development, Housing and Urban Poverty Alleviation, Venkaiah Naidu the main responsibility to render housing stays with the state and the central government. The minister firmly believes that the steps taken by both the governments shall help in the sector to rise.
He also believes that providing the affordable housing will help in bringing more money to the market from banks and will, therefore, aim at developing increased housing stock to those in need. Further, with PM announcing the interest rate subvention schemes up to 4 and 3%, housing ranging between Rs 9-12 lakh and Rs 12-18 lakh will benefit the most. Also, as per the announcement of the budget that carpet area will come into consideration now instead of built-up area of 30 and 60 sq. meter, everyone including the middle classes will find help from it in getting bigger houses.
Providing sufficient infrastructure:
In order to make cities more liveable, the Centre is expediting the creation of funds to urban local bodies which will further build better infrastructure. The presence of adequate infrastructure is very important and therefore, comprehensive planning is underway for many cities.
Aiming more on core infrastructure:
Many at times, a state finds thousands of houses where no one lives in them, there are many reasons to that. The state needs to focus more on providing the facilities and look deeper on the needs of infrastructure. As per what the Union Minister of Urban Development, Housing and Urban Poverty Alleviation aims, the state governments must push the private sector to attempt into building affordable housing.
Transparency is the key:
The next most important thing to promote such kind of housing is transparency. The aim should be to create a central advisory mechanism which will ensure fair practices at both, the Centre and the state level.
PMAY will be a success in coming future:
Venkaiah Naidu firmly believes in Pradhan Mantri Awas Yojna (PMAY) and stays affirmative that this Yojna will grow if looked forward to it. Moreover, with all kind of legal sanctions created by the government, this scheme is on the path to become a success.
The motive of this Credit Linked Subsidy Scheme (CLSS) remains at expanding the institutional credit flow to fulfill the housing needs of the urban poor. Providing credit linked subsidy on home loans to the eligible urban poor (EWS/LIG) will help them in acquiring or constructing the house.