Developers welcome MahaHousing initiative

Published - October 27, 2018 11:42 pm IST -

The government’s decision to set up Maharashtra Housing Development Corporation (MahaHousing) to expedite affordable housing projects is a pioneering step, but its success would depend on the location and the kind of infrastructure provided to such projects, developers have said.

Amit Ruparel, managing director, Ruparel Realty, said, “The government’s thrust by creating MahaHousing to construct five lakh affordable houses is a welcome move towards realising the ‘Housing For All’ mission. However the challenge that we see in future is to choose the right location. Such inventories should be in close proximity to business areas, where there is a need for residential complexes,” he said. Mr. Ruparel said the areas should have good connectivity, otherwise commuting will remain a problem in the long run.

Parth Mehta, managing director, Paradigm Realty said the move would expedite the construction of affordable houses under the Pradhan Mantri Awas Yojana by 2022. “It will bring positive sentiment in the market, as it will help the economically backward, lower and middle class groups to fulfil their dream of buying a house,” Mr. Mehta said. “Public-private partnerships and joint ventures will help developers work with the government and deliver projects on time.” Mr. Mehta said access to easy finance will enable developers to avoid delays.

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