Pune: The proposed Maharashtra Housing Regulatory
Development Act is a step in the right direction, one that will bring
the members of the low-income group to the mainstream, said Gautam
Chatterjee, Principal Secretary, Housing, Government of Maharashtra, according to a Financial Express report
“The proposed Maharashtra Housing Regulatory Development Act will safeguard the interest of customers as well as builders. Though, it may not solve all the issues, it is nevertheless a positive step. A notification has been issued to the builder community to reserve at least 20 per cent space for the weaker section and the low income group. The main motive is to ensure decent housing for all,” he said.
Chatterjee was speaking at an interactive session organised by CREDAI Pune on Sunday on the issue of notification of 20 per cent reservation for low income group and economically weaker section in a given housing project and proposed Maharashtra Housing Regulatory Development Act.
Also present on the occasion were Satish Magar, president, CREDAI Maharashtra, Head of MHADA — Pune Rajendra Nimbalkar, Shantilal Kataria, vice president CREDAI — Pune, Hemant Naiknavre, vice-president CREDAI — Pune, Nitin Nyati, the honorary secretary, CREDAI — Pune .
Speaking on the real estate sector scenario in the country, he said, “We are witnessing a huge crunch of houses. To develop a city, real estate sector needs to play a crucial role. But the increasing rates of houses are making it difficult for lower income group, resulting in the development of slums. To promote the construction of houses for these groups, the notification for 20 per cent reservation has been introduced.”
This, he said, is not applicable to commercial projects. Builder community needs to look into this issue with an open mind. “So, instead of considering this as a government policy against realtors, they should consider it as a genuine step towards making houses available for the weaker sections and involving them in the mainstream,” he said.
“Only construction charges will be levied on houses constructed under 20 per cent reservation for weaker section. MHADA will undertake the distribution of such flats as per lottery system. The proceeds collected will be given to the builders after MHADA deducts 5 per cent commission.
Chatterjee also touched upon the need to bring in more transparency. “Government has tried to bring transparency in the Act. The builders violating the Act will be booked under civil offence. Formation of Regulatory Authority body under this Act is also been ensured. If the completion of a project or delivery of flats is delayed due to the callous approach of customers, then builders can approach this regulatory body for intervention.”
He added that before the sanction of the plan, builders should refrain from advertisement of the project.
“The proposed Maharashtra Housing Regulatory Development Act will safeguard the interest of customers as well as builders. Though, it may not solve all the issues, it is nevertheless a positive step. A notification has been issued to the builder community to reserve at least 20 per cent space for the weaker section and the low income group. The main motive is to ensure decent housing for all,” he said.
Chatterjee was speaking at an interactive session organised by CREDAI Pune on Sunday on the issue of notification of 20 per cent reservation for low income group and economically weaker section in a given housing project and proposed Maharashtra Housing Regulatory Development Act.
Also present on the occasion were Satish Magar, president, CREDAI Maharashtra, Head of MHADA — Pune Rajendra Nimbalkar, Shantilal Kataria, vice president CREDAI — Pune, Hemant Naiknavre, vice-president CREDAI — Pune, Nitin Nyati, the honorary secretary, CREDAI — Pune .
Speaking on the real estate sector scenario in the country, he said, “We are witnessing a huge crunch of houses. To develop a city, real estate sector needs to play a crucial role. But the increasing rates of houses are making it difficult for lower income group, resulting in the development of slums. To promote the construction of houses for these groups, the notification for 20 per cent reservation has been introduced.”
This, he said, is not applicable to commercial projects. Builder community needs to look into this issue with an open mind. “So, instead of considering this as a government policy against realtors, they should consider it as a genuine step towards making houses available for the weaker sections and involving them in the mainstream,” he said.
“Only construction charges will be levied on houses constructed under 20 per cent reservation for weaker section. MHADA will undertake the distribution of such flats as per lottery system. The proceeds collected will be given to the builders after MHADA deducts 5 per cent commission.
Chatterjee also touched upon the need to bring in more transparency. “Government has tried to bring transparency in the Act. The builders violating the Act will be booked under civil offence. Formation of Regulatory Authority body under this Act is also been ensured. If the completion of a project or delivery of flats is delayed due to the callous approach of customers, then builders can approach this regulatory body for intervention.”
He added that before the sanction of the plan, builders should refrain from advertisement of the project.
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