“Guidelines being prepared on provision of transferable development rights”
CHENNAI: The Chennai Metropolitan Development Authority (CMDA) plans to make use of a 50-metre strip of vacant land along the proposed Outer Ring Road from Vandalur to Minjur to build houses for economically weaker sections.
Addressing a seminar organised here by the Confederation of Real Estate Developers’ Associations of India (CREDAI) and the Confederation of Indian Industry (CII) on Saturday, CMDA Member Secretary Vikram Kapur said, “Guidelines are being prepared on provision of TDR (transferable development rights) of 20 sq m to slum dwellers affected by urban infrastructure projects for resettlement.”
Rehabilitation of slum dwellers in Chennai alone may require Rs.2,000 crore and 700 acres.
Additional demand was there on account of renewal or redevelopment of dilapidated structures and meeting the needs of the homeless pavement dwellers.
As there was a severe shortage of basic services and budgetary resources, the focus was on multiple stakeholders to promote public-private partnerships for ensuring equitable supply of land, shelter and services at affordable prices to all, he said.
Mr. Kapur reiterated that the State government had taken various initiatives through regulatory mechanisms such as reservation for EWS/LIG in new layouts and group housing on sites exceeding one hectare.
As there were limitations for parastatal agencies such as TNHB and TNSCB in catering to the demand for affordable housing due to paucity of land, funds and manpower, Mr.Kapur pointed to the scope for a greater role for the private sector in this regard.
Principal Secretary Housing and Urban Development Department Surjit K.Chaudhary said builders’ attitude should change. “Rather than catering to the high-end segment they should serve the weaker sections. The government is ready to accept good recommendations of the builders and other stakeholders.”
President of CREDAI-Tamil Nadu Prakash Challa said: “As the entire demand few years ago came from a certain segment seeking premium apartments, private developers had to cater to the segment. New initiatives on meeting the emerging demands for affordable housing will be taken up.”