Affordable housing in Gujarat vital to match requirements: NAREDCO

According to NAREDCO, Gujarat will require 40 lakh homes in the coming five years and 70% of these will be in the affordable housing segment.

As per Gujarat’s National Real Estate Development Council (NAREDCO), the affordable housing value in Ahmedabad ranges from Rs 40 lakh to Rs 55 lakh, and Rs 25 lakh to Rs 55 lakh in the rest of Gujarat.

On Sunday, the developers at the NAREDCO Gujarat Conclave 2021 told the media that not much has been done for the affordable section. Presently, according to the current township policy, a township must have a minimum area of 5 lakh sq metres of land.

NAREDCO Gujarat president Suresh Patel told the media that a break-up of the available figures reveals that Gujarat requires 8 lakh homes every year -- an estimated investment of around Rs 1.10 lakh crore per year. Regarding the employment perspective, Rs 35,000 crore of this will go towards labour wages. The state further will earn in the form of taxes.

Developers at the conclave raised at least 85 problems associated with urban development and revenue concerns. They additionally recommended solutions to the government.

Relating affordable housing, NAREDCO recommended that developers be enabled to build 108 sustainable townships in or about the urban development authority in the Ahmedabad Urban Development Authority (AUDA) GUDA, VUDA and SUDA to name a few. Developers will set up solar projects, develop proper infrastructure and generate public transport connectivity by providing green buses from the townships.

NAREDCO Gujarat chairman N K Patel told the media that executing the affordable housing township policy will make houses cheaper and give more options to the buyers. It will additionally assist the state and central governments to accomplish their target of ‘housing for all’ faster.

Patel additionally emphasised another vital problem of renewal of non-agriculture (NA) land, which is done at the collectorate level.

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