[ecis2016.org] The Tamil Nadu government has committed to sanctioning three lakh homes in 2017-18, for the Housing For All scheme, for which Rs 3,855 crores have been allotted
Tamil Nadu would sanction three lakh houses in 2017-18, under the central government’s ‘Housing for All’ scheme, union minister M Venkaiah Naidu has said. “The Tamil Nadu government has assured me that it will sanction three lakh houses during 2017-18.”
You are reading: TN government to sanction 3 lakh houses in 2017-18: Housing minister Naidu
Read also : How will the real estate stress fund for stalled projects help home buyers and developers
On funds allocated to the state under the scheme, he shared that “The total outlay is Rs 3,855 crores and the amount released to the state is Rs 1,433 crore so far. Tamil Nadu is one of the top performing states with reference to obtaining sanctions from the government of India. The state should maintain its tempo and expedite construction of the houses” he said.
Naidu also advised real estate developers to fulfill the promises made by them while placing advertisements in newspapers. “I am not asking builders to do anything out of the way. What you promised through brochures, through big, colourful advertisements in newspapers, fulfill it. What you promised, like carpet area, show that. Whatever time you promised (for completion of a project) stick to that” he cautioned.
Read also : Reverse migration: Will real estate in tier-2 and tier-3 cities gain by default?
[ecis2016.org] PMO wants participation of private developers to achieve ‘Housing For All’
He also warned builders that they would be ‘fined” or even ‘prosecuted’ if they do not follow the rules. The minister also had a word of praise for the real estate developers for doing a ‘great job’ in the sector. “The government alone will not be able to achieve the Housing for All scheme by 2022. I believe in Public Private Partnership and the private sector will be required to participate in a major way”, he said.
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle
