Govt opts for PPP model to achieve PMAY target

ST Correspondent
Thursday, 14 June 2018

The State govt recently included all the urban planning agencies, including PMRDA, in the PMAY scheme.

PUNE: The Maharashtra Housing Department on Tuesday released a Government Resolution (GR) which states that the prices of 50 per cent houses under the Pradhan Mantri Awas Yojana(PMAY) project will be fixed on the lines of Maharashtra Housing and Area Development Authority (MHADA) rates. The remaining 50 per cent houses can be sold by the developer as per the Ready Reckoner rates. 

To achieve the target of government’s flagship scheme PMAY, government authorities have come up with the public-private partnership (PPP) model and have invited developers to propose schemes for affordable housing. 

The State government recently included all the urban planning agencies, including PMRDA, in the PMAY scheme. To achieve the target of PMAY scheme, the State government took the decision to allow PPP model for affordable housing. The government has kept a target to build 2 lakh affordable homes by 2022. 

PMRDA Chief Kiran Gitte said that PMRDA has three options available for providing affordable housing to homebuyers. 

“There are various private developers providing affordable housing, so PMRDA can coordinate with homebuyers, banks and such developers so that the homebuyer is benefited under the PMAY scheme. Similarly, a partnership project between PMRDA and private developers can work on joint affordable housing projects along with homebuyers,” said Gitte. 

“In the third option, we have our own land, which can be used for developing affordable housing. In Mahalunge, we have 700 acres of land, of which 5 per cent (35 acres) has to be reserved for PMAY. Around 3,500 houses can be constructed on this 35 acre of land.” added Gitte.

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