+
Punjab Cabinet approves allotment of 25,000 EWS houses
Real Estate

Punjab Cabinet approves allotment of 25,000 EWS houses

Approval for the allotment of 25,000 economically weaker section houses has been given by the Punjab government. These dwelling units are expected to have a size of around 30 square meters and will be available on rent for families economically weaker than other individuals in the area. The applications for these dwellings as well as necessary documents should arrive from eligible applicants according to approved policy.

Nearly 25,000 EWS families of the state will be reaping benefits due to this scheme. The statement said 397.048 acres are currently available for housing development with local authorities and that 80 percent of each plot will be used for houses and 20 percent for a school, dispensary, playground, or community centre.

In every EWS pocket, the area set aside is 80% to build homes and 20% to build an educational facility such as a school or clinic.

On March 9, 2021, the Punjab cabinet gave the go-ahead to an EWS housing policy. It specified that 25,000 houses would be built by special urban planning and development authorities. The state cabinet also decided to reduce 10 percent simple interest plus three percent penal interest on outstanding dues of developers with a move that will give relief both for developers and the real estate sector in general.

The cabinet approved exempting contract carriage vehicles from motor vehicle tax during the COVID-19 pandemic period. The exemption will be applicable only to those who are registered under a contract as per their provisions, in terms of May 20th, 2020 till December 31st, 2020, and March 23rd, 2020 till December 31st, 2020 respectively.

Image Source

Approval for the allotment of 25,000 economically weaker section houses has been given by the Punjab government. These dwelling units are expected to have a size of around 30 square meters and will be available on rent for families economically weaker than other individuals in the area. The applications for these dwellings as well as necessary documents should arrive from eligible applicants according to approved policy. Nearly 25,000 EWS families of the state will be reaping benefits due to this scheme. The statement said 397.048 acres are currently available for housing development with local authorities and that 80 percent of each plot will be used for houses and 20 percent for a school, dispensary, playground, or community centre. In every EWS pocket, the area set aside is 80% to build homes and 20% to build an educational facility such as a school or clinic. On March 9, 2021, the Punjab cabinet gave the go-ahead to an EWS housing policy. It specified that 25,000 houses would be built by special urban planning and development authorities. The state cabinet also decided to reduce 10 percent simple interest plus three percent penal interest on outstanding dues of developers with a move that will give relief both for developers and the real estate sector in general. The cabinet approved exempting contract carriage vehicles from motor vehicle tax during the COVID-19 pandemic period. The exemption will be applicable only to those who are registered under a contract as per their provisions, in terms of May 20th, 2020 till December 31st, 2020, and March 23rd, 2020 till December 31st, 2020 respectively. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code