Union Minister of Housing and Urban Poverty Alleviation Girija Vyas informed that the government would soon launch the Revised Affordable Housing in Partnership (AHP) scheme.
The minister said this while addressing the REALTY 2013, Confederation of Indian IndustryÂ’s (CIIÂ’s) flagship conference on Real Estate, in New Delhi.
The scheme is intended to encourage partnerships between various agencies i.e. Central & state Governments /Housing Boards and Development Authorities and Urban Local Bodies (ULBs) and industry for creation of affordable housing, the minister said.
The scheme offers several supply side as well as demand side incentives. Some of the key incentives being concessions on development charges, service tax and direct tax exemptions, encouraging Foreign Direct Investment (FDI) in affordable housing, reduced stamp duties, increasing Floor Space Indexes (FSIs) in affordable housing projects and encouraging Transfer of Development Rights (TDRs) etcÂ”, she added.
Besides, Rajiv Awas Yojana (RAY), launched recently envisages a Â‘Slum Free IndiaÂ’ with inclusive, equitable cities and where every citizen has an access to basic social and civic services, strong livelihood linkages and decent shelter.