100% FDI in affordable rental housing soon: MoHUA
Hardeep Singh Puri launches NAREDCO’s initiative to sell houses online during COVID. August 2020
In other developments, the shifting of the land registration process in J&K from the judiciary to the Department of Registration created after the nullification of Article 370 has brought in earnings worth Rs 1 billion in stamp duty and registration fees.Since the creation of the department as part of the transition from state to UT, 77 sub-registrars have been appointed and nearly 25,000 land registrations done. However, the prices and sentiment are yet to pick up pace. Players already present are not witnessing any significant volumes.
With regard to the housing policy, arranging finances and acquiring land are proposed to be accomplished by taking recourse to PPP. In simple words, the project needs private investment on a big scale besides funding from the Centre.
There are concerns about the policy being too optimistic in its target. The key to its success, ultimately, lies in the involvement of private players and efficient execution.