The Pradhan Mantri Awas Yojana (Urban), initiated in 2015, has set year 2022 as deadline for affordable housing for all project. Accordingly, the government plans to build 3,07,831 houses in Vidharbha, with a major chunk of 1.21 lakh houses in Nagpur district alone.
Under the affordable housing project of the PMAY, a bidder has been granted permission to sell half the houses being built at rates of the choice of the builder while the rest will have to be sold at the price prescribed by the government agency. The government has also set the floor space index (FSI) of 2.5 for the builder of the project being built under the public private partnership (PPP) basis.
Reports suggest that as per a new government resolution (GR), issued recently, the GR has specified on the process of bidding, selection of builder, tender document and agencies that are to work as nodal organisation overseeing each of the schemes in 382 cities.
The prices of 50 per cent of the houses constructed under this scheme will be fixed as per the prevailing pricing policy of Maharashtra Housing and Area Development Authority (MHADA). For the rest 50 per cent, the selected bidder is reportedly permitted to fix the prices.