After recognising a massive gap of housing in India, the Union Government had announced 'Housing for All' by 2022 in July 2015 to achieve the staggering target of bridging a gap of more 1.9 crore houses. 96 per cent out of these are required for the lower income groups (LIG) and economically weaker sections (EWS) groups.
The Union Government has categorically stated that although it is willing to provide protection to the domestic pipe manufacturers against unfair trade practices, the industry must also act responsibly, a top Steel Ministry official reportedly said at an ASSOCHAM event held in New Delhi.
The union government has proposed a public private partnership (PPP) Policy, under which affordable housing will be provided land in order to boost housing development. The Ministry of Housing and Urban Poverty Alleviation (HUPA) has formed the model of PPP policy for affordable housing to induce the developer to explore extra developable area.
The first phase of the mega Polavaram project on the Godavari will be completed by the Andhra Pradesh government with the assistance of the Union Government. This will release water even into the left canal by 2018, Andhra Pradesh Chief Minister N Chandrababu Naidu, reportedly mentioned.
The government is all set to announce a new housing policy that plans to provide extra FSI and other physical and financial incentives in an attempt to achieve its goal of constructing 1.1 million houses in Greater Mumbai.
The Union government is to award Rs 17,000 crore road projects to the private road developers in the next five weeks. The government has set up a special cell to help big road projects for speedy clearances. The Cabinet Committee on Investment is working to remove hindrances in the way of stalled road projects.
Citing the continuing economic slowdown that has impacted their projects, private highway developers are urging the Union government for maximum relief. Road builders like IRB, L&T, Reliance Infra, Ashoka Buildcon and Essel Infraprojects have started 16 premium projects and they want the government to allow rescheduling of annual premium payment.
The Union government may consider to reschedule premium payment worth Rs 98,000 crore to be paid by private road concessionaires to National Highways Authority of India (NHAI) for 23 road projects. The Cabinet Committee on Economic Affairs (CCEA) would soon to consider a proposal in this regard.