EWS may get reservation in housing projects

NEW DELHI: Real estate developers may have to reserve 20% of the construction area for the economically weaker section (EWS) of the society. Union housing minister Kumari Selja is set to hold a meeting with state governments urging them to ensure reservation of developed land for EWS in housing projects.
“Private builders and developers in the city will have to adhere to the new policy and make space for accommodating the poor in their housing projects,” Ms Selja said. The proposal has been included as part of mandatory reforms to avail funds under the Rs 50,000 crore Jawaharlal Nehru Urban Renewal Mission.
“Delhi and many cities, including Gurgaon, ‘Faridabad, Pune, Bangalore, Indore, Kolkata and Lucknow, have in-principle agreed to follow ‘adequate housing reservation’ policy,” a housing ministry official said. There was a shortage of 24.7 million housing units in urban areas at the beginning of the 11th five-year plan.
Courtesy: The ET dtd.06-01-09