Uttar Pradesh cabinet approves affordable rental housing scheme for urban poor – ET RealEstate

LUCKNOW: The Uttar Pradesh government will start a scheme offering affordable rental housing for poor people living in cities and a proposal to this effect was approved by the state cabinet presided over by Chief Minister Yogi Adityanath, an official release issued here on Friday said.

Under the Affordable Rental Housing and Complexes (ARHC) scheme, urban migrants/poor labourers, those belonging to economically weaker sections, low income groups including factory workers, educational institutions, people associated with hospitality and students will be the beneficiaries.

Preference will be given to people belonging to Scheduled Castes, Scheduled Tribes, Other Backward Classes, widows, working women, divyang and minorities, which will be subject to the provisions made by the state government, the release said.

The ARHC scheme has been launched by the government of India through the Ministry of Housing and Urban Affairs under ‘self-reliant India’ campaign, the statement said.

It will be implemented under the Pradhan Mantri Awas Yojana (Urban) to promote participation of private/public institutions for construction, operation and maintenance of rental housing complexes for urban migrants/poor, it said.

The scheme will be implemented under two models in the state.

Model one involves converting vacant houses funded by the central or state government into an ARHC through an agreement.

Under the second model, ARHC will be built, operated and maintained by public/private entities on their available vacant land, it said.

No proposal will be accepted without technical examination of the ‘Avas Bandhu’ under the scheme, it said.

According to the statement, all projects under the scheme will be used for rental accommodation only for EWS/LIG category, urban migrants/poor for minimum 25 years.

If ARHC is used for any purpose other than rent, action will be taken against the agency concerned by the competent authority according to rules, the release said.

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Gujarat government to announce affordable rental housing scheme for students – ET RealEstate

AHMEDABAD: Soon, the students in Gujarat and those coming from other states will be able to avail rental homes at much cheaper rates than the market price. The Gujarat government is all set to announce its new Affordable Rental Housing Complexes (ARHC) scheme in a week or two.

Under the ARHC scheme, the government will be tying up with private players, under the public-private partnership (PPP) model, to utilise vacant houses in the Gujarat Housing Board and other schemes.

The developer or property management firm will be given vacant houses on a fixed rental model under which the firms can rent it out to lower income group (LIG), economically weaker section (EWS), students and others.

Similarly, the government also has another model in which the developer can come up with their own project and construct dwellings as per given specifications. Here, the developer will be also getting 50 per cent more FSI (Floor Space Index) for free.

This will help reduce the overall cost of the construction.

However, the developer will have to get the rentals approved by the government so that it’s lesser than the prevailing market rates.

Commenting on the development, Secretary of Urban Development and Urban Housing Lochan Sehra said, “The central government had announced the ARHC scheme and the state government is all set to replicate it in Gujarat.”

He added, “While the benefit of the same can be availed by the EWS and LIG segment, the same will be passed on to the students too. This will not only boost the real estate sector but will increase projects in industrial and educational areas like the knowledge corridor in Gandhinagar, etc.”

According to the realty experts, the scheme would have been better if the government would have announced heavy subsidies for the construction under this category.

Yogesh Bhavsar, senior vice president of NAREDCO, a registered real estate developers’ body, told Mirror, “We welcome the government’s initiative as it will allow many developers to get into active mode. The scheme’s maximum benefit will be seen in industrial areas like Sanand, Kalol and Santej.”

However, he stressed, “Considering the cost of land in the municipal corporation and urban development authority areas, rental projects in urban areas don’t seem viable.”

Students welcome proposal

Manas Agrawal (21), a student of PDPU, said, “We currently live in a college hostel and pay close to Rs 7,000 per month as rent. Moreover, we have to share the room with someone else. Therefore, if we get our own space at cheaper rentals it would be better. It will save money and give us privacy too.

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